News - Midlands

Alycidon takes AIMS

Birmingham-based investment company Alycidon Capital has acquired metallurgy business AIMS Materials (AIMS) for an undisclosed sum.

The deal comes just six months after the formation of Alycidon.

Under the leadership of managing director and founder Geoffrey Archer, Peterborough-based AIMS has developed a number of patented technologies using powdered metal chemistry and incorporating the process of hot isostatic pressing. It currently exports products to Europe and the US.

"We are very excited to team up with Geoff and further develop the AIMS business," said Mark Hodgkins, AIMS new chief executive officer and Alycidon managing director.

"The company has so much to offer and we aim to complement Geoff's technical prowess with additional resource across the business to maximise the market reach of AIMS.

"The company's Sagititte brand has a growing reputation as a hard-wearing, nickel-based alloy which is suitable for a range of applications.

"This will be the focus of our increased market development strategy over the next 12 months which will see us consolidate our presence in the extruder-liner market and build our growing presence in the oil and gas, as well as the aerospace, sectors."

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