Höganäs said that it has acquired 100% of Swiss tooling company Alvier PM-Technology.
‘With this acquisition Höganäs wishes to secure Alvier’s continued development as an outstanding tool engineering company, providing world class support to PM customer and industry and allowing new innovations to be realized within mechanical as well as electromagnetic automotive applications,’ said Fredrik Emilson, Höganäs CEO.
Alvier is reportedly Europe’s largest PM tooling manufacturer and was founded 30 years ago in Buchs, Switzerland. It provides powder metallurgy (PM) and soft magnetic composite tooling solutions.
‘The Alvier team is pleased to continue its work with a strong and reliable owner in the background,’ said Peter Rauch, CEO of Alvier. ‘Our company now has optimal conditions for further innovative development in the exciting world of powder metallurgy.’
Höganäs and Alvier have worked together since 2005. Alvier equipped Höganäs’ PoP Centre in Höganäs, Sweden, with tools in presses and in 2012 the two companies joined forces with other partners in the industry to re-engineer the first automotive manual transmission equipped with PM gear technology.
‘We see a great potential in Alvier’s offering by fully exploring optimal combinations of powder and tool in the compaction process,’ said said Fredrik Emilson, Höganäs CEO.
This story is reprinted from material from Höganäs, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
