Norsk Titanium AS, a Hønefoss, Norway-based supplier of aerospace-grade, additive manufactured, structural titanium components, closed a $10m growth debt facility.
Harbert European Growth Capital Fund I (HEGCF) provided the financing as part of the company’s current aerospace production financing round.
The funds will be used to further strengthen its leadership team and operations worldwide in support of aerospace qualification and production orders for precision structural components.
Led by President and CEO Warren M. Boley Jr., Norsk Titanium supplies aerospace-grade, additive manufactured, structural titanium components. The company’s patented Rapid Plasma Deposition™ (RPD™) process transforms titanium wire into complex components suitable for structural and safety-critical applications.