Proto Labs’ acquisition extends additive manufacturing reach in Europe
Company Website:
http://www.protolabs.com
MAPLE PLAIN, Minn. -- (Business Wire)
Rapid manufacturer Proto Labs, Inc. (NYSE: PRLB) announced today that it
has closed on the purchase of select assets and operations of
German-based manufacturer Alphaform AG, which significantly extends
Proto Labs’ additive manufacturing (3D printing) capabilities across
Europe.
Alphaform is a leading service bureau headquartered in Feldkirchen
(Munich), Germany. The acquisition includes Alphaform divisions
operating in Germany, Finland and the United Kingdom. This acquisition
will significantly expand Proto Labs’ recently launched 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 percent
subsidiary of Alphaform AG is not part of the transaction.
“We believe Alphaform will expand our share of the additive
manufacturing market in Europe,” says Vicki Holt, Proto Labs CEO. “This
opportunity is also an ideal complement to our existing business.”
Proto Labs’ existing European business includes injection molding, CNC
machining and stereolithography services operating out of Telford,
England. The purchase also gives Proto Labs a major presence in Germany,
which is the largest single market for the company’s services in Europe.
About Proto Labs
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/20151009005354/en/
Contacts:
Proto Labs
Bill Dietrick, 763-479-7664
bill.dietrick@protolabs.com
Source: Proto Labs
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