3D Systems Corp. (DDD - Analyst Report) announced a partnership with ScanSource, Inc. (SCSC) to support the latter’s new technologies team which is primarily focused on the sale and support of 3D printing solutions. Financial terms of the deal were not disclosed. Per the deal, 3D Systems will be the key vendor partner.
Given the rapid adoption of 3D printing technology across various industries, technology and solutions is witnessing high demand from broad end users. Also, the reseller channel is developing rapidly which encourages ScanSource to prepare itself for delivering value-added distribution in the 3D printing technology arena.
ScanSource is leading international value-added distributor of specialty technology products across North America, Latin America and Europe. Its primary offerings include point-of-sale (POS) and barcode, communications and physical security solutions. The company enables its reseller customers to choose, configure, and deliver the industry’s best products across almost every vertical market.
The deal is a strategic move by 3D Systems to expand geographic reach and drive market penetration. The company has been undertaking strategic acquisitions and partnerships to diversify its offerings and expand its operating markets. In the last five months, 3D Systems has collaborated with Hasbro (HAS - Analyst Report), The Hershey Co. (HSY - Analyst Report) and Staples Inc. (SPLS - Analyst Report) in its approach to introduce its 3D printing capabilities to various industries.
3D Systems is a leading provider of 3D printing centric design-to-manufacturing solutions. Its comprehensive range of 3D printers are the industry's benchmark for production-grade manufacturing in the aerospace and automotive sectors, patient-specific medical devices and a variety of consumer, electronic and fashion accessories.