One of the world’s largest traders of goods and services, Sumitomo Corporation of Americas (SCOA) announced it will increase investment in metal additive manufacturing company Sintavia.
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The transaction, which is expected to close in the second half of 2020, will help fund Sintavia’s rapidly growing business of providing additively manufactured parts to the world’s largest aerospace and space companies.
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The new investment revealed on August 4, 2020, follows an initial investment by SCOA in 2018 and will serve Sintavia to scale its production capacity for flight-critical components that are produced via additive manufacturing (AM) while continuing to advance its industry-leading technical capabilities. In addition to the financial investment, SCOA and Sintavia will continue to identify opportunities to apply Sintavia’s best-in-class AM and design capabilities for the global industrial activities of SCOA’s parent company, Japanese-based Sumitomo Corporation Group . “Since our initial investment in 2018, we’ve been impressed by […]
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