Norsk Titanium announces US$10m investment from Harbert European Growth Capital Fund

Norsk Titanium AS, a supplier of aerospace-grade, additive manufactured, structural titanium components, has closed a US$10m growth debt facility with Harbert European Growth Capital Fund I (HEGCF) as part of the company’s current aerospace production financing round. The funds will be used to further strengthen Norsk Titanium’s leadership team and operations worldwide in support of aerospace qualification and production orders for precision structural components produced by the company’s patented Rapid Plasma Deposition (RPD) technology. The investment was led by Fahad Khan at HEGCF. Norsk Titanium will be putting its RPD technology on display at the 2016 Farnborough International Airshow, allowing a global audience to witness unprecedented manufacturing efficiencies from the company’s MERKE IV line of production machines.