The deal, which was completed in September, creates an end-to-end supply solution for customers looking for low to medium volume production of complex components typically used in high performance environments.
It offers a resource rarely seen in the UK and will give Formula 1, aerospace, and medical clients the opportunity to have greater control of quality and reduced lead times when developing products that require both disciplines.
The new business will be called Progressive Technology – Advanced Manufacturing and is targeting more than £2 million of additional sales in its first twelve months, with the possibility of ten new jobs being created.
Ross Pinchin, managing director of Progressive Technology, explains the move: “The merger is a natural progression of a working relationship that has been in place for a couple of years now.
“We have a number of shared customers who use us to manufacture parts for F1, with i2M providing the metal 3D printing expertise and our multi-axis machining capability delivering the secondary operation.”
“By bringing the two firms together we’ve created – what we believe – is the largest single source full service machining and metal 3D printing solution in the UK. It’s a bold move, but one that is already creating significant demand from customers who want easier access to this new technology, as well as the ability to reduce logistics costs, minimise supply chain disruption and shorter lead times for parts.”
Mike Kelly, director of Innovate 2 Make, adds: “When we first started talking about 3D printing, or additive manufacturing as it is sometimes known, it was about replacing traditional manufacturing processes.
“That’s no longer the case, as on its own it just doesn’t meet what customers are asking for. It is an extremely valuable discipline for manufacturing short batch, complex parts, but will always require secondary operations like CNC machining to give you the tolerance or finish you are after. This is why this merger is so exciting. We can now offer the end user a complete service, from using metal 3D printing in the initial production of the component to tapping into Progressive Technology’s fantastic capabilities in Newbury. The latter includes a bank of 5-axis CNC machines, 2 wire EDM machines, wire and spark eroders, state-of-the-art milling and one of the largest inspection and quality assurance departments ever seen in a SME.”
Established in 1977 by Ross’ father, Progressive Technology has grown from a small toolmaking business into a supplier of components to Formula 1 teams, supplying 80% of the grid.
The company, which operates 24-hours a day, seven days per week, has invested more than £2 million this year into its machining and composite centre in Hambridge Lane and in recruitment.
This approach has paid dividends with sales rising to £6.8 million in 2015 and expected to reach £9 million by the end of this year.
Birmingham-based Innovate 2 Make has enjoyed a similar period of growth after launching in 2012.
Led by Mike Kelly and Ian Campbell, the firm has transformed an industrial unit in Kings Norton into a metal 3D printing centre, supplying prototype and low volume production capacity for aerospace, automotive, defence, F1 and medical sectors.
It is one of the few businesses in the country to have access to two EOS M280 400 Watt laser melting platforms, along with full materials laboratory and inspection unit.
Progressive Technology - Advanced Manufacturing will use the combined capacity to secure additional work in F1 and to open doors into new markets, such as automotive, aerospace and renewables.
It has already taken measures to make inroads into the cycling sector, with Ian Campbell leading on the launch of Mirada Performance Products, a spin-out company delivering design innovation and production grade components. By combining metal 3D printing with multi-axis machining it is able to produce highly engineered lightweight parts, whilst eliminating cost-intensive tooling. This is ideal for using new materials to create bespoke bike frames and associated components that would previously have been unimaginable using traditional processes.
UPDATED 3 OCTOBER: corrected deal closing date wording.
