3D Systems Expands Their Presence in The Aerospace Industry With 2 New Acquisitions
One of the primary beneficiaries, thus far from additive manufacturing, has been that of the aerospace industry. The ability for companies to manufacture incredibly complex parts, reduce the weight of components, and even eliminate the number of parts needed, has allowed them to save money, while increasing reliability in a number of key areas. We have seen a rapid expansion in the number of 3D printed components used on aircraft and even spacecraft, from the likes of NASA, Airbus, General Electric, and BAE Systems, and this is just the beginning.
3D Systems has been on an acquisition spree as of late. Over the last four years, they have acquired more than 45 companies, totaling $520 million, according to ValueWalk.com. The acquisitions have continued, with the company announcing that they have acquired two Tulsa, Oklahoma based sister companies: American Precision Prototyping and American Precision Machining, both of which have a strong aerospace presence.
“APP and APM bring a wealth of experience and bench strength in both advanced manufacturing and the aerospace industry that is highly complementary to our offerings,” said Ziad Abou, Vice President and General Manager, Quickparts for 3DS. “This acquisition further enhances our North American capabilities and expertise.”
The companies have a strong regional presence, with a combined 24 years of manufacturing service bureau and prototyping experience. This acquisition will certainly go a long way in providing 3D Systems with many key business relationships with companies within the aerospace industry, while allowing for a broadening of their service bureau business here in the United States. American Precision Prototyping and American Precision Machining have had past business relations with Boeing, NASA and General Electric, among others.
“3D Systems is, bar none, the recognized leader in advanced manufacturing with an exceptional track record in providing the highest quality parts services globally,” said Jason Dickman, President of APP. “We have been a long-standing customer of 3DS’ SLA and SLS printers, materials and software, and we couldn’t be more excited to join the team as it positions us to provide unparalleled parts services to our customers far into the future.”
The cost of the dual acquisitions and the exact details of the transaction have not been publicly released. Let’s hear your thoughts on 3D Systems’ continued acquisition spree, and what it may ultimately mean for the growth of the company, in the 3D Systems forum thread on 3DPB.com.
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