After the recent acquisition of Laser Reproductions, 3D Systems Corporation (DDD - Free Report) announced yet another acquisition of the sister duo - American Precision Prototyping (APP) and American Precision Machining (APM), based in Tulsa, OK. Though the company has kept the financial terms of the transaction under covers, the deal is likely to be significantly beneficial to its business.
3D Systems seems persistently focused on driving growth to outpace the competition from other key players in the 3D printing industry like Stratasys Ltd. (SSYS - Free Report) , ExOne Company (XONE - Free Report) and Voxeljet (VJET - Free Report) . Further, this Zacks Rank #3 (Hold) company has a robust financial position and sufficient liquidity to support such endeavors. In the year-to-date timeframe, the company has announced a number of acquisitions including Medical Modeling, Robtec and Simbionix among others. Most recently, the company announced the acquisition of Laser Reproductions, a leading provider of services for rapid prototyping, manufacturing, product development and stereolithography.
The aforementioned deal will perfectly complement 3D Systems offerings in the aerospace industry. APP and APM specialize in advanced services like rapid prototyping, advanced manufacturing as well as product development and engineering services. Having decades of experience in the region and state-of-the-art infrastructure to support high production volumes, the companies also boast strong long-term relationships with a number of companies in the sector. 3D Systems’ design-to-manufacturing offerings are likely to be boosted from this acquisition. This acquisition will add to 3D Systems’ service bureau facilities under the Quickparts Solutions business in the U.S.Quickparts Solutions offers speedy and customized manufacturing of complex prototypes of parts in both plastic and metal.