Nov.21, 2012
GE subsidiary GE Aviation announced it has acquired locally based Morris Technologies and its sister company, Rapid Quality Manufacturing, precision manufacturing companies that make everything from lightweight parts for unmanned aerial vehicles to hip replacement prototypes.
Terms were not disclosed.
The two privately held companies employ about 130 people locally specialized in additive manufacturing, an automated process for creating rapid prototypes and end-use production components.
Evendale-based GE Aviation says the acquisition allows the jet engine maker to expand its engineering and manufacturing capabilities to meet growing demand over the next five years.
"Morris Technologies and Rapid Quality Manufacturing are parts of our investment in emerging manufacturing technologies. Our ability to develop state of the art manufacturing processes for emerging materials and complex design geometry is critical to our future." said Colleen Athans, vice president and general manager of the Supply Chain Division at GE Aviation.
The additive manufacturing process generates less scrap material during the fabrication process and these parts tend to be lighter than traditional forged parts because they don't require the same level of welding.
Founded by Cincinnati natives Greg Morris, Wendell Morris and Bill Noack in 1994, Morris Technologies (Sharonville) and Rapid Quality Manufacturing (West Chester) have supplied parts to GE Aviation for several years.
The Sharonville and West Chester facilities will become part of GE Aviation's global network of manufacturing operations.
According to GE Aviation, the two companies have already been contracted by GE Aviation to produce components for the best-selling LEAP jet engine being developed by CFM International, a 50/50 joint company of GE and Snecma (SAFRAN) of France. The LEAP engine, which is scheduled to enter service in the middle of this decade on three different narrow-body aircraft, has already received more than 4,000 engine orders before the first full engine has even gone to test.
(Image credit: cfmaeroengines)
Morris Technologies and Rapid Quality Manufacturing focus on the aerospace, energy, oil & gas, and medical industries.
Posted in 3D Printing Company
Maybe you also like:
- 3D Systems Files Patent Infringement Suit Against Formlabs and Kickstarter
- MakerBot unveils 3D photo booth at its retail store in NYC
- 3D Systems 3rd-qtr beats estimates as 3D printer sales soar
- 3D Systems buys Rapidform for $35M in cash; expects adding $0.06-0.09 per share
- HP should focus on making 3D printer, say analysts
- 3D Systems acquires leading Dutch prototyping company
- Stratasys seizes its leased 3D printer from DIY weapon project
- 3D Systems listed in Fortune's Fastest-Growing Companies
- Gabor Forgacs, scientific founder of Organovo recognized for pioneering work in bioprinting
- 3D Systems CEO discusses demand in Europe and company's growth strategies (video)
- 3D Systems acquires Viztu Technologies for an undisclosed sum