Acquisition expands Proto Labs’ additive manufacturing presence in Europe
Proto Labs, Inc. (NYSE:PRLB) today announced that it has reached
agreement in principle to acquire select assets and operations of
Alphaform, AG subject to standard terms and conditions of purchase.
Alphaform is a leading service bureau headquartered in Feldkirchen
(Munich), Germany. The planned acquisition will include Alphaform
divisions operating in Germany, Finland and the United Kingdom. This
acquisition will significantly expand Proto Labs’ additive manufacturing
capabilities in Europe by adding selective laser sintering, direct metal
laser sintering and additional stereolithography capabilities. The
acquisition also includes the injection molding service currently
offered by Alphaform Claho, in Eschenlohe, Germany. MediMet Precision
Casting and Implants Technology GmbH, a 100% subsidiary of Alphaform AG
is not part of the transaction.
“We are pleased to announce this strategic acquisition which will
accelerate the growth of our additive manufacturing services in Europe
and complement our current injection molding and CNC machining
services,” said Vicki Holt, President and CEO at Proto Labs. “With those
three complementary offerings, we’re uniquely postioned to help
designers and engineers take a product from the initial stages of
prototyping through low-volume production.”
The transaction is expected to be completed in early October.
About Proto Labs, Inc.
Proto Labs is the world's fastest digital manufacturing source for
custom prototypes and low-volume production parts. The
technology-enabled company uses advanced 3D printing, CNC machining and
injection molding technologies to produce parts within days. The result
is an unprecedented speed-to-market value for product designers and
engineers worldwide. Visit protolabs.com
for more information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150923006375/en/
Copyright Business Wire 2015