Proto Labs Closes on Purchase of Portions of German Manufacturer Alphaform AG
October 09 2015 - 08:06AM
Business Wire
Proto Labs’ acquisition extends additive
manufacturing reach in Europe
Rapid manufacturer Proto Labs, Inc. (NYSE: PRLB) announced today
that it has closed on the purchase of select assets and operations
of German-based manufacturer Alphaform AG, which significantly
extends Proto Labs’ additive manufacturing (3D printing)
capabilities across Europe.
Alphaform is a leading service bureau headquartered in
Feldkirchen (Munich), Germany. The acquisition includes Alphaform
divisions operating in Germany, Finland and the United Kingdom.
This acquisition will significantly expand Proto Labs’ recently
launched additive manufacturing capabilities in Europe by adding
selective laser sintering, direct metal laser sintering and
additional stereolithography capabilities. The acquisition also
includes the injection molding service currently offered by
Alphaform Claho, in Eschenlohe, Germany. MediMet Precision Casting
and Implants Technology GmbH, a 100 percent subsidiary of Alphaform
AG is not part of the transaction.
“We believe Alphaform will expand our share of the additive
manufacturing market in Europe,” says Vicki Holt, Proto Labs CEO.
“This opportunity is also an ideal complement to our existing
business.”
Proto Labs’ existing European business includes injection
molding, CNC machining and stereolithography services operating out
of Telford, England. The purchase also gives Proto Labs a major
presence in Germany, which is the largest single market for the
company’s services in Europe.
About Proto Labs
Proto Labs is the world’s fastest digital manufacturing source
for custom prototypes and low-volume production parts. The
technology-enabled company uses advanced 3D printing, CNC machining
and injection molding technologies to produce parts within days.
The result is an unprecedented speed-to-market value for product
designers and engineers worldwide. Visit protolabs.com for more
information.
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version on businesswire.com: http://www.businesswire.com/news/home/20151009005354/en/
Proto LabsBill Dietrick,
763-479-7664bill.dietrick@protolabs.com
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