Optomec Acquires Huffman
This acquisition is said to deepen Optomec's penetration in production applications for aerospace and energy markets.
December 20, 2018
Optomec has acquired Huffman, supplier of 3D metal printing systems for additive repair of gas turbine components in the energy and aviation markets. Huffman’s equipment and software are in production at many major manufacturers of aircraft engines and industrial gas turbines, who use its metal deposition capabilities to restore worn or damaged components at substantially lower cost than newly-made spare parts.
The acquisition combines Optomec’s broad horizontal market reach, across a wide range of industries and hundreds of customers, with Huffman’s deep penetration in the gas turbine market. The synergies extend to complementary product portfolios and technical expertise, which together sets the stage for accelerated growth in both businesses.
“Optomec and Huffman joining forces is exciting news in the additive manufacturing space,” says Christopher E. Thompson, general manager product service, GE Power. “Having used products from both companies, I know the complementary strengths of their portfolios and the value they provide to aerospace, defense, and power generation customers. Optomec’s innovative and affordable solutions in this space, combined with the robust, production-friendly equipment and intuitive user interfaces provided by Huffman are sure to enable new leaps in free-form additive manufacturing for repairs, new part build and hybrid manufacturing.”
Both Optomec and Huffman deliver a form of metal 3D printing that is known as Directed Energy Deposition (DED; tradename LENS). LENS is able to add metal to existing parts for repair and coating applications that extend the useful life of components.
“The opportunity for additive manufacturing in repair applications is often overlooked, but when you consider that corrosion and wear cost the US economy $300 billion per year, and that the global commercial aviation industry spends almost $100 billion annually on repair, you can get a better sense of the magnitude of these markets,” says David Ramahi, president and CEO of Optomec. “With the Huffman acquisition, we aim to expand the use of DED/LENS repair for the existing installed base of more than 100,000 gas turbines and engines, while also leveraging that expertise to drive greater adoption of cost-effective repairs for mainstream industrial applications.”
Sources: Press materials received from the company.