- In July 2023, ArcelorMittal Nippon Steel India, a joint venture of global steel leaders ArcelorMittal and Nippon Steel, signed a Memorandum of Understanding (MoU) with Festo India at the Festo Corporate Center in Stuttgart, Germany. This collaboration is expected to strengthen automation and skill development within the sheet metal fabrication industry, enhancing production efficiency and supporting the adoption of advanced technologies across fabrication facilities in India
- In March 2022, Vulcan Industries plc expanded its capabilities by acquiring Aptec Ltd., a company specializing in metal forming, bending, and laser cutting. This acquisition is likely to boost Vulcan’s service portfolio and geographic reach, contributing to increased consolidation and capacity expansion in the sheet metal fabrication services market
- In February, CGI Automated Manufacturing’s acquisition of Richlind Metal Fabricators, a precision sheet metal and machining service provider, underscores the trend of strategic mergers to improve technical expertise and service offerings. This move supports market growth by enabling companies to meet rising demand for high-precision, value-added fabrication services
