Caterpillar Forms Strategic Alliance with German FIT Group for Metal AM Parts
FIT AG, a Group of companies specializing in innovative solutions in the field of additive manufacturing, and advanced equipment manufacturer Caterpillar Inc. formed strategic alliance focused on design and printing for additive manufacturing of aluminum and titanium parts.
“We are thrilled to enter into a strategic alliance with Caterpillar, a world leader in many markets, which will benefit greatly from additive manufacturing. However, this requires innovative technologies and new thinking combined with experience and deep know-how. Our companies complement each other with their respective strengths.” Carl Fruth, CEO of FIT AG.
This relationship will complement the ongoing work in Caterpillar’s Additive Manufacturing Factory. The strategic alliance will also strengthen FIT AG’s commitment to the industrial equipment market. The alliance will have an initial three-year term and will evolve to the next step based on the progress made and goals accomplished.
“Caterpillar has a long history of creating innovative products designed to fit the needs of our customers and entering into a strategic alliance with a leader in additive manufacturing will help further that tradition. Not only will Caterpillar now have access to FIT AG’s cutting-edge technologies in additive manufacturing but this alliance will also help accelerate our adoption of 3D printing.” Stacey DelVecchio, Caterpillar Additive Manufacturing project manager.
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment.
