Aequs, an emerging player in the aerospace manufacturing supply chain, has made a minority equity investment in the Farinia Group's subsidiary 3D printing company Spartacus3D.
Specialising in Additive Layer Manufacturing (ALM), the partnership harnesses the aerospace manufacturing knowledge of Aequs to provide the aerospace and defence sector with new manufacturing solutions from the french additive manufacturing company. The aim of the partnership is to create synergy in aerospace manufacturing and accelerate further innovation in the aerospace supply chain.
Frédéric Guinot, CEO of Farinia Group, commented: "We expect our partnership to advance the state-of-the-art in aerospace manufacturing and produce higher levels of customer customization, on-demand responsiveness, and product complexity at competitive costs. We are excited about the possibilities."
Spartacus 3D additive manufacturing solutions.
Aravind Melligeri, Chairman and CEO of Aequs, added: “ALM provides a means for creating complex, high-mix, and low-volume parts that would be impossible or cost prohibitive using traditional subtractive manufacturing techniques, such as machining. ALM's potential for reducing the cost of production changeovers and customization and for increasing the variety of products each unit of capital can produce, makes it a compelling innovation for the aerospace and defence industry, which in contrast to other industries, is more reliant upon low volume production."
This is not the first partnership between Farinia and Aequs. Aequs and Farinia already operate the SQuAD Forging Private Limited venture with Aubert & Duval as part of the Aequs precision engineering ecosystem located inside the Aequs Special Economic Zone in Belagavi, Karnataka.