Plansee Group acquires Mi-Tech Tungsten Metals

January 11, 2022

The Plansee Group has agreed to acquire Mi-Tech Tungsten Metals (Courtesy Mi-Tech Tungsten Metals)

The Plansee Group, headquartered in Reutte, Austria, has signed a definitive agreement to acquire Mi-Tech Tungsten Metals, Indianapolis, Indiana, USA. Mi-Tech was founded in 1978 and is now considered one of the leading suppliers of tungsten-based products in the country. The company employs nearly 100 people and manufactures high-precision, ready-to-use tungsten composite products and components for a variety of sectors, including energy, engineering and aerospace.

The Plansee Group is buying Mi-Tech through its US subsidiary Global Tungsten & Powders (GTP) which specialises in the production of tungsten powder.

“With the acquisition of Mi-Tech, we are further expanding our market position for tungsten products in North America. Customers will benefit from a broader range of products and services in the future,” stated Karlheinz Wex, spokesman for the Plansee Group Executive Board. “Mi-Tech will benefit from the fact that GTP, as a leading Western supplier, guarantees security of supply for tungsten powders.”

Mi-Tech’s headquarters house its corporate office (including customer service), production facilities and quality control. In addition to Powder Metallurgy manufacturing, the company has grinding, turning and milling capabilities.

The companies have agreed not to disclose the financial details of the transaction. The acquisition is still subject to regulatory approvals.

www.plansee.com

www.mttm.com

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link