Protolabs acquires manufacturing platform 3D Hubs
Proto Labs Inc has entered into an agreement to acquire the online manufacturing platform 3D Hubs for $280m.
3D Hubs provides engineers with on-demand access to a global network of approximately 240 manufacturing partners. The transaction will provide Protolabs with a network of partners to fulfil capabilities outside of its current remit, as well as a broader offering of pricing and lead time options.
Rob Bodor, Protolabs’ current VP and GM of the Americas and incoming president and CEO said that the addition of 3D Hubs will allow Protolabs to provide ‘unprecedented manufacturing flexibility’ to customers. “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.”
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Founded in 2013, 3D Hubs has facilitated production of more than six million custom parts and provides customers with instant pricing and design feedback, with orders fulfilled through its manufacturing partners in over 20 countries.
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