3D Systems of Rock Hill, one of the top three providers in the world of 3-D printing solutions, recently announced its acquisition of two companies, Simbionix and Laser Reproductions, to further expand its product line and capabilities.
On August 6, 3D Systems announced it had acquired Laser Reproductions, a provider of advanced manufacturing product development and engineering services, to further extend its Quickparts operations, an on-demand manufacturing services platform. The company expects the acquisition to drive accelerated adoption of 3D Systems’ comprehensive design-to-manufacturing solutions in the United States.
Details of the transaction were not disclosed.
Headquartered in Columbus, Ohio, Laser Reproductions brings to 3D Systems three decades of advanced manufacturing service bureau experience with substantial production capabilities that are rooted in regional infrastructure and supported by long-term, key relationships with regional blue chip companies.
“Laser Reproductions has a wealth of experience and bench strength that is highly complementary to our Quickparts offering,” said Ziad Abou, vice president and general manager of Quickparts for 3DS. “This acquisition further enhances our on-demand, quick-turn cloud manufacturing services and drives accelerated adoption of our solutions through meaningful new customer relationships. We are delighted to add such powerful regional capabilities to our growing North American footprint.”
3D Systems will retain the entire Laser Reproductions team under the continued leadership of Laser Reproductions president Paul Bordner, and plans to immediately integrate it into its expanding Quickparts operations.
3D Systems also recently acquired Simbionix, a Cleveland, Ohio, company with a research and development center in Israel, for $120 million in cash, at the end of July. Simbionix is a global leader in 3-D virtual reality surgical simulation and training with more than 60 interventional procedures across eight specialties through 16 simulation platforms – a complementary building block that expands 3DS’ breadth and reach within the open-ended 3-D health care field.
“Simbionix is a perfect match for our health care business, and its powerful technology, products, channels and domain expertise expands our 3-D health care capabilities from the training room to the operating room, and extends our first mover advantage in this fast-growing vertical,” said Avi Reichental, president and CEO of 3D Systems.
The company plans to operate Simbionix under the continued leadership of Gary Zamler, CEO of Simbionix.
The Simbionix transaction is expected to be completed by the end of August.
