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

Latest from Business

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding

India Hits 100GW Solar

The expansion is not only in scale but also in quality, with significant capacity dedicated to high-efficiency modules. Many manufacturers have adopted vertically integrated operations, enhancing quality, reducing costs, and improving resilience

Jewellery Exports Shine Bright

The GJEPC noted that product diversification has played a major role in sustaining momentum. Lightweight and contemporary designs are gaining traction among younger global consumers, helping Indian jewellers appeal to a wider

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics
Go toTop

Don't Miss

Nikon India forays into healthcare

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