Finance enables continued growth for additive manufacturing company
Materials Solutions have over a decade of experience as a lead industrial user of additive manufacturing for the energy industry as well as for aerospace, automotive and motor sports, and other high-performance applications.
The company faced a significant increase in the requirement for the production of parts for many of its customers, the biggest being their parent, Siemens Energy. While Materials Solutions was eager to support the order and grow its own business by investing in new machinery, the manufacturer required financial support to make investment possible and preserve operational cash flow.
Materials Solutions have been working with Siemens Financial Services (SFS) for many years and looked to the team for a solution. Based on Materials Solutions’ ambitious growth plans, SFS recommended hire purchase. Not only would the agreement spread the cost of investment and reserve capex.
Our 3D-printed technology allows us to work with customers to deliver improved efficiencies and unique designs that would not be achievable by traditional manufacturing methods.Colin Crabb, Financial Director – Materials Solutions
Tailored financing – enables seamless deployment of new technology
Rapid access to the new machinery through asset finance has enabled Materials Solutions to fulfil orders for turbine parts and expand its provision for other customers in the aerospace and automotive industries. The manufacturer benefits from a dedicated SFS account manager who understands the business as well as its solutions and is proactive in reaching out to support future plans.
SFS are always available to support us and make a real effort to help us plan for the future. They offer simplicity, flexibility and competitiveness.Colin Crabb, Financial Director – Materials Solutions
An expert financing partner
The team at Siemens Financial Services leveraged its sector expertise to find the best solution for Materials Solutions’ needs. The tailored leasing solution enabled the manufacturer to rapidly acquire the necessary equipment and begin production for orders while spreading the cost of investment over an agreed period.
This is how the financing arrangement works:
- The relevant technology is identified and ordered
- Siemens Financial Services takes over responsibility for the equipment capital cost
- Once up and running, the client makes regular, cash-flow-friendly payments over the financing period