September 5, 2022
1 min read

Nikon buys Germany’s SLM for $620 mn

By 2030, Nikon aims to become “a key technology solutions company in a global society where humans and machines co-create seamlessly”….reports Asian Lite News

Leading camera manufacturer Nikon has announced it is acquiring German 3D printer company SLM Solutions for $620 million (622 million euros).

With this transaction, Nikon aims to become a leading global player in metal additive manufacturing (AM), offering innovative manufacturing solutions, said Toshikazu Umatate, President of Nikon Corporation.

“SLM has supplied more than 750 metal AM that use a molding method called Laser Powder Bed Fusion to more than 150 leading companies around the world, including in the aerospace and automotive industries,” Umatate said in a statement.

By 2030, Nikon aims to become “a key technology solutions company in a global society where humans and machines co-create seamlessly”.

The company expects that by 2030, the space industry will require high-precision components in complex shapes, and that the automotive industry will focus on weight reduction for electric vehicles and other products.

“Nikon will address these various challenges and add value for our customers by providing additive processing and riblet processing for end products, components, and contract processing,” said the company president.

Aerospace and electric vehicles (EVs) have seen growing demand for printed metal components.

Compared to conventional molding methods, such as casting or forging, additive manufacturing offers several advantages including shorter development time, reduced costs, specialised modeling, and significant weight reduction.

Currently, the global metal processing market is worth 771 billion euros (104 trillion yen).

Of this, 119 billion euros (16 trillion yen) is in high-value metal parts area where additive manufacturing excels, and “we expect manufacturing in this area will gradually shift from conventional casting, forging, and die processing to additive manufacturing,” said Nikon.

ALSO READ: ‘Every Indian has debt of Rs 1.25 lakh’

Previous Story

‘Every Indian has debt of Rs 1.25 lakh’

Next Story

Reliance gears up for FMCG war

Previous Story

‘Every Indian has debt of Rs 1.25 lakh’

Next Story

Reliance gears up for FMCG war

Latest from Business

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.
Go toTop

Don't Miss

Nikon India forays into healthcare

The camera manufacturer aims to facilitate “direct sales, service, and