UK-based CMG Applied sciences has introduced it has been acquired by steel injection moulding specialist Indo-MIM.
The engineering agency, which gives MIM and steel 3D printing companies from its manufacturing facility in Suffolk, will proceed to commerce below the CMG Applied sciences model, and says the acquisition will allow it to ‘construct on its success’ offering injection moulded elements to the medical, aerospace, automotive and industrial sectors.
Rachel Garrett, Managing Director of CMG Applied sciences, stated: “That is a particularly thrilling time for the corporate and business general.
“CMG Applied sciences is understood for the standard of its companies and the advantages it brings to varied sectors. By combining the experience and assets of CMG and Indo-MIM, we will develop our firm and companies considerably.
“We’re thrilled to be a part of the Indo-MIM group and stay up for what the longer term holds.”
Headquartered in Bangalore, Indo-MIM claims to carry the most important put in MIM capability on the planet and provides steel injection moulded merchandise to 45 international locations. At its U.S. MIM plant, the corporate additionally provides additive manufacturing (AM) companies, which have been launched in 2020 following funding in steel binder jet expertise from Desktop Steel, and direct steel laser sintering from SLM Options. Equally, CMG Applied sciences turned its consideration to 3D printing in 2022 with the launch of an in-house steel additive manufacturing service to go with its flagship MIM providing. The funding adopted a partnership with UK-based expertise supplier 3DGBIRE one yr earlier, which noticed the producer providing its sintering companies for 3D printed elements made out of processes such Ultimaker’s Steel Enlargement Package.
Dr Phil Marsh, Technical and Manufacturing Director, added: “The corporate’s nice success over time is testomony to the standard of our staff.
“By becoming a member of the Indo-MIM group, we will construct on that additional and supply much more incredible alternatives for the staff.”
In a press launch, CMG stated no modifications will likely be made to the corporate’s administration staff, staffing, or tradition.
