3-D printing companies CRP Technology and CRP USA have signed an investment agreement with ITT, a diversified leading manufacturer of highly engineered critical components and customised technology solutions headquartered in Stamford, Connecticut (U.S.) and present in more than 35 countries.
According to the operation, ITT becomes part of the shareholder structure of CRP Technology and CRP USA, in line with its business plan for growth aimed at strategically investing and expanding in new technologies.
“This transaction will allow us to implement a very ambitious business plan, focused on growth both in the markets in which we are already present and in new markets with relative geographical expansion”, said Franco Cevolini, CEO of CRP Technology.
The investment complements ITT and serves the space, aerospace, defence, premium automotive and motorsports markets. It also enables ITT access to additive manufacturing excellence as the industry and number of applications continue to grow.