Norsk Titanium Closes Strategic Investment from Triangle Holdings for Aerospace AM Industry
Following the recent announcement by metal Additive Manufacturing system OEM Norsk Titanium AS that it will deliver the world’s first FAA-approved, 3D printed, structural titanium components to Boeing, Norsk Titanium today announced it has closed on a significant investment from Triangle Holdings LP (“Triangle”), an aerospace investment company owned by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). Triangle has invested over $1.2 billion in aircraft and aerospace related assets since its formation in 2011. Terms of the investment were not released.