The acquisition of STC
is the third in a row for Höganäs during a short time period. In November last
year Höganäs acquired Metasphere Technology, a Swedish start-up that has
developed a new atomizing technology using plasma for high performing materials
for surface coating and additive manufacturing. In February this year Höganäs
acquired Alvier PM-Technology, a Swiss world leading company specializing in
designing and manufacturing of tools for pressing of metal powder components,
an acquisition aimed at strengthening the global PM industry's development and
“With STC Höganäs gets
access to new markets and product groups within the premium segment for surface
coating and additive manufacturing. The acquisition means that we start the
building of a second strong leg in Höganäs’ business, next to metal powder for
pressed and sintered components,” says Fredrik Emilson.
STC employs close to
400 people, mainly in Germany where the company has two production units, which
complement Höganäs’ powder production. STC’s customer base is mainly European,
which also complements Höganäs’ stronger position in Americas and APAC.
contract was signed before Christmas 2017 and at the end of February relevant
competition authorities approved the deal.
STC is a leading
global manufacturer of surface technology, ceramic and additive manufacturing
powders for a wide variety of end-market applications. STC produces a broad
range of highly customized metallic and ceramic powders, which target niche
applications in a diversified set of end-markets including industrial gas
turbines, aviation, oil & gas, welding, medical, various industrial
applications, thermal management & clean energy and additive manufacturing.
STC operates two production facilities in Germany and has a workforce of
approximately 360 employees.