Höganäs AB has exercised an option to acquire a 100 percent interest in fcubic AB of Gothenburg Sweden. Fcubic develops technology for additive manufacturing, also known as 3D printing, and consists mainly of a number of patents. This new business area will be branded as Digital Metal®. The closing of the acquisition is expected to occur on November 1, 2012.
With this acquisition Höganäs takes the first step into shaping the future market for additive manufacturing. The market potential is currently estimated at 1 billion USD, mainly within the fields of consumer design, medical, dental, aerospace and industrial. However, this industry is still at a very early stage in its life cycle, consequently making it difficult to quantify the true potential.