Sheffield City Region’s bid to become the world’s leading research centre for manufacturing technology has been boosted by the merger of two cutting edge research organisations.
Sheffield University’s Advanced Manufacturing Research Centre is taking over Castings Technology International in a £6.5 million deal that will see all CTI’s 66 staff transfer to the University.
Both organisations are based at the Advanced Manufacturing Park.
CTI – which also incorporates Titanium Castings UK - used to be known as the Steel Castings Research and Trade Association.
In the past, CTI has been funded by members who include leading castings manufacturers and users in 40 countries around the world, on whose behalf it carries out research and development, consultancy and technical work
Two years ago it unveiled a breakthrough in techniques for making hi-tech castings for safety critical applications which required little or no machining.
Sheffield University Pro-Vice-Chancellor for Research, Professor Richard Jones, said: “We are delighted that CTI will be part of our AMRC, representing a significant investment into driving economic growth by linking our academic research to the needs of industry. Sheffield is the home of engineering, and we’re thrilled to be adding this to our portfolio.”
AMRC founder, Prof Keith Ridgway, said acquiring CTI was part of the AMRC’s vision to be the world’s leading manufacturing technology research centre.
Castings Technology International’s chairman, Tom Westley, hailed the deal as “a real win win situation for our members and staff.”
DLA Piper provided legal advice to Sheffield University on the deal.