Boston, MA 08/15/2014 (wallstreetpr) – 3D Systems Corporation (NYSE:DDD) acquisition spree continues after the holding company announced the acquisition of the duo, American Precision Prototyping and the American Precision Machines. The latest acquisition follows the previous acquisition of Laser Reproductions. Financial terms of the latest acquisitions have not yet been revealed. Since the start of the year, 3D Systems has carried out a number of acquisition including Medical Modelling Robtec and Simbionix.
3D Systems Targeting Competition
The latest acquisition essentially outlines 3D Systems Corporation (NYSE:DDD) focus to drive growth in the ever competitive printing industry that continues to face immense competition from the likes of Stratasys, Ltd. (NASDAQ:SSYS) and ExOne, Co (NASDAQ:XONE) as well as Voxeljet AG (ADR) (NYSE:VJET). 3D Systems has a solid financial position that has allowed it to carry out the recent wave of acquisitions. The acquisition of Laser prototyping essentially marked the entry of 3D Systems into rapid prototyping as well as manufacturing and stereolithography.
The acquisition deals are expected to complement 3D Systems Corporation (NYSE:DDD) offerings in the ever growing aerospace industry. APP and APM unique specialization in advanced manufacturing, as well as engineering services, look set to be of great benefit for 3D Systems in the development of state of the art infrastructure able to support high production volumes. 3D Systems designs for manufacturing offerings are thus set to receive a much-needed boost with the recent wave of acquisitions.
Expansion of Manufacturing and Distribution Capacity
The acquisitions are set to add to the ever growing 3D System’s service bureau facilities under the quick parts solution business able to offer speedy and customized manufacturing complex prototypes. The acquisitions come as 3D Systems announced the expansion of its manufacturing and distribution capacity that should meet the growing demand of 3D Printers and materials.
3D Systems Corporation (NYSE:DDD) as part of the expansion, has signed a lease for a new 200,000 square facility in South Carolina. Going forward, the company expects to be in a position to create hundreds of new jobs over the coming future. The lease of the property is also expected to strengthen its manufacturing and distribution support in Rock Hill.
