Protolabs is set to acquire 3D Hubs, providing it with a network of manufacturing partners to fulfil a breadth of capabilities outside of its current offering, as well as a broader offering of pricing and lead time options.
The transaction creates one of the world’s most comprehensive digital manufacturing offerings for custom parts, evolving Protolabs service model.
The move will total $280 million to be funded with cash and equity, and up to an additional $50 million of ‘contingent consideration’.
Protolabs’ incoming president and CEO Rob Bodor, said: “Our combined organisations will provide the market with an industry-leading digital manufacturing solution to serve their needs from idea to prototype to full end-use part production.
“Together we can fulfil nearly every custom manufacturing need across the product lifecycle.”
Founded in 2013, 3D Hubs has facilitated the production of over six million custom parts and products through its digital platform.
3D Hubs provides customers with instant pricing and design feedback, and orders are fulfilled through thoroughly vetted premium manufacturing partners in over 20 countries worldwide, offering a wide range of manufacturing capacity and capabilities at a variety of pricing levels.
“The entire 3D Hubs team is thrilled to join Protolabs and continue to revolutionise the manufacturing industry through innovation,” said 3D Hubs CEO Bram de Zwart.
“At 3D Hubs, our goal is to empower companies to create revolutionary products through supply chain efficiency and reliability. We are confident that partnering with Protolabs will help us advance that mission.”