September 6, 2021
energy
Service provider Hunting PLC announced that it will buy3D printingThe company Cumberland Additive Holdings (CAH) has more than a quarter of the shares.
It is reported that Hunting will acquire a 27% stake in CAH at a price of US$5 million. Hunting’s acquisition marks the first time they have entered3D printingField, they think3D printingNot only can it be used in the oil and gas market, but it can also enter
profit
Rich
aviation
aerospace
And the defense field. Cumberland Additive is headquartered in Texas, USA and currently has 16 units
EOS
,
SLM Solutions
And GE Additive
Arcam
3D printingMachine, as well as CNC machining and metal processing equipment.
Jim Johnson, CEO of Hunting, said: “The acquisition of Cumberland Additive will enable us to acquire new manufacturing technologies that are being adopted by our customers. It can also help us gain new markets and customers.”
HuntinginvestAt3D printingtechnology
Hunting, headquartered in London, England, produces high-end underground metal tools and parts. Typically, Hunting sells these components to customers who develop and produce oil and gas resources and their suppliers.
Currently, Hunting has 31 bases in 11 countries, with offices located in or near the world’s major oil and gas production areas.Given that most of Hunting’s business relies on the needs of the energy industry, the energy industry is increasingly adopting3D printingTechnology, so it is now seeking to strengthen manufacturing capabilities as a means to improve service to core customers.
The acquisition of Cumberland Additive should also provide Hunting with the ability to address new markets. Cumberland Additive is headquartered in Texas, USA and currently owns 16 EOS, SLM Solutions and GE Additive Arcam
3D printingMachine, as well as CNC machining and metal processing equipment.
Cumberland Additive is currently building a second base in Pittsburgh, Pennsylvania, with the goal of improving supply chain efficiency.
Therefore, once Hunting completes the acquisition of shares in Cumberland Additive, it will also enter these markets. Although the date of completion of the transaction has not yet been announced, it is believed that it has entered the final stage.
The oil and gas industry3D printingInterest surge
In the past 18 months,3D printingIt has been deployed in several oil and gas-related tests, these tests are mainly to evaluate the potential in related production and maintenance applications. This year, optical system manufacturer Karl-
Zeiss
Revealed that they are developing PBF and DED for Brazil’s oil and gas sector 3D printingparameter.
The certification company DNV GL recently released a new3D printingService specification documents to support the oil and gas industry3D printingTo help the industry adopt more safely and effectively3D printingtechnology.
(Editor in charge: admin)
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