Laserbond Ltd. engages in the reclamation and surface engineering of industrial components operating in severe environments and critical applications. The company is headquartered in Sydney, New South Wales. The firm is engaged in the sale of LaserBond cladding technology. The firm is focused on development and application of materials, technologies and methodologies to increase operating performance and wear-life of capital-intensive machinery components. The Company’s segments include Service, Products and Technology. The firm offers various services, which include laser cladding, thermal spraying, welding, machining, heat treatment, metallurgy lab, surface coating, remanufacturing, and vacuum and stainless-steel heat treatment. Its technology has applications across various industries, including resources and energy, agriculture, fluid handling, steel and aluminum production, heavy transport, advanced manufacturing, defense and infrastructure construction. The company manufactures a range of Steel Mill Rolls and Roll Shells surface engineered with its composite carbide.
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LaserBond expands into Western Australia with strategic investment into Gateway Parts and Services
February 23, 2024
Perth-based equipment parts and servicing business Gateway Group has been partially acquired by surface engineering company LaserBond (ASX: LBL) in a move that strengthens the Company’s presence in Western Australia and opens doors to new market segments. The acquisition, valued at 4.5 times Gateway’s EBITDA, involves a mix of cash and scrip. LaserBond will initially
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