Cognex Corporation has expanded its 3D vision capabilities with the recent acquisition of two companies specializing in 3D machine vision technology.

Cognex acquired EnShape GmbH, a maker of advanced 3D vision sensors and software based in Jena, Germany. EnShape’s 3D sensors use patented area-scan technology for fast image capture at high resolution, and eliminate the need to mechanically move objects in front of the device as required with laser line scanners. The company’s team of highly skilled 3D vision engineers will become part of a new Cognex engineering center based in Jena.

Cognex also completed the acquisition of AQSense, a provider of 3D vision software based in Girona, Spain. AQSense develops and sells a library of field-tested 3D vision tools and a configuration software package that helps customers easily set up their 3D vision applications. The company’s software engineers joined Cognex’s 3D engineering team upon the closing of the acquisition.

“We see a growing number of opportunities for 3D vision in industries such as automotive, consumer electronics and logistics, to name just a few,” said Joerg Kuechen, Vice President of Vision Products for Cognex. “We believe that our acquisition of these two companies, especially the addition of two highly experienced new engineering teams, will accelerate our ability to bring innovative new 3D products to market.”

Published in Cognex

Siemens and Mentor Graphics announced that they have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion. The offer price represents a 21% premium to Mentor's closing price on November 11, 2016, the last trading day prior to the announcement. Mentor's Board of Directors approved and declared advisable the merger agreement, and Mentor's Board of Directors recommends the approval and adoption of the merger agreement by the holders of shares of Mentor common stock. Mentor shareholder Elliott Management has committed to support the transaction.

This acquisition decisively extends Siemens' leading Digital Enterprise Software portfolio with Mentor's well established electronics IC and systems design, simulation and manufacturing solutions. These capabilities are essential for today's smart connected products such as autonomous vehicles. The combination provides mechanical, thermal, electronic and embedded software tools which will allow Siemens' customers to further accelerate their innovation, drive production efficiencies and optimize the operation of their products in the field. Now, for the first time, quality, efficiency, flexibility, safety and speed can be optimized across technical domains, throughout the entire lifecycle and for the entire extended enterprise.

"With Mentor, we're acquiring an established technology leader with a talented employee base that will allow us to supplement our world-class industrial software portfolio. It will complement our strong offering in mechanics and software with design, test and simulation of electrical and electronic systems," said Klaus Helmrich, member of the Managing Board of Siemens.

Mentor is headquartered in Wilsonville, Oregon, U.S., and has employees in 32 countries worldwide. In its fiscal year ended January 31, 2016, Mentor had over 5,700 employees and generated revenue of approximately $1.2 billion with an adjusted operating margin of 20.2%. Siemens expects these attractive margins to continue in the future and contribute significantly to the Product Lifecycle Management (PLM) software business of Siemens Digital Factory (DF) Division, which Mentor will join. Mentor serves a large, diverse customer base of marquee systems companies and IC/semiconductors companies with over 14,000 global accounts across communications, computer, consumer electronics, semiconductor, networking, aerospace, multimedia, and transportation industries. Mentor is viewed as a global leader in strategic industry segments including IC design, test and manufacturing; electronic systems design and analysis; and emerging markets including automotive electronics.

"Combining Mentor's technology leadership and deep customer relationships with Siemens' global scale and resources will better enable us to serve the growing needs of our customers, and unlock additional significant opportunities for our employees," said Walden C. Rhines, chairman and CEO of Mentor. "Siemens is an ideal partner with financial depth and stability, and their resources and additional investment will allow us to innovate even faster and accelerate our vision of creating top-to-bottom automated design solutions for electronic systems. We are excited to join the Siemens family, as it is clear they share the same values and focus on customer success, and are pleased that this transaction provides immediate and certain value to our stockholders."

Siemens expects to achieve synergies through a combination of revenue growth and anticipated margin expansion, with a total EBIT impact of over €100 million within 4 years from closing the transaction. Additionally, the transaction is expected to be EPS accretive within three years from closing. Closing of the transaction is subject to customary closing conditions and is expected in Q2 of calendar 2017. Mentor will be part of the PLM software business of Siemens' DF Division. DF is the industry leader in automation technology and a leading provider of PLM software.

"By adding Mentor's electronic design automation solutions and talented experts to our team, we're greatly enhancing our core competencies for product design that creates a very precise digital twin of any smart product and production line," noted Helmrich.

Published in Siemens

3D Hubs announced the acquisition of Printivate, a specialized service for optimizing and fixing 3D models. 3D Hubs will integrate Printivate in its platform to improve 3D file handling and printability prediction. Adrian Muresan, CEO and founder of Printivate, will join the 3D Hubs team as R&D lead at the Amsterdam office.

3D Hubs helps designers and engineers to 3D print their prototypes and end-parts through a local service provider. When going from a digital model to a physical 3D printed object many complex calculations take place that are relevant for the printability and quality of the final product.

“Printivate developed advanced computational software that allows 3D Hubs to simplify and automate this process. The automation will lead to faster turnaround times, lower failure rates, less handling and higher quality prints throughout the platform” says Muresan.

As one of the leading marketplaces for 3D printing services, 3D Hubs aims to automate the process of 3D printing as much as possible. By using automated, smart 3D model analysis, their 3D printing services will be able to streamline the incoming order flow, reduce handling and turnaround time per print, allowing them to take more orders at less cost. For the customer, potential failure rates drop dramatically while print quality improves.

With the data of over 500,000+ printed parts available, the impact of the automation on both the company as well as the user is expected to be significant. “Our goal is to build the most efficient 3D print solution for professionals working in design and manufacturing. We're going to achieve this by integrating advanced tools directly into the 3D Hubs platform. The acquisition of Printivate is another large step forward.” says Bram de Zwart, CEO of 3D Hubs.

The first functionality is expected to go live on 3D Hubs before the end of the year.

Published in 3D Hubs

WhiteClouds, a full-color 3D-printing Cloud provider, announced the acquisition of Sandboxr, a 3D printer and software developer of video game collectibles. Through its patented Digital to Doorstep™ platform, Sandboxr has provided unique and customizable 3D printing solutions for some of the largest game and entertainment companies around the world including LionsGate, Nintendo, Microsoft, Amazon, WarGaming, Cartoon Network, Disney Interactive and more.

Powered by a 3D as a service (3DaaS) platform, WhiteClouds is able to efficiently manufacture high-quality, full-color 3D models and products across key verticals such as architecture, medical and entertainment. This proprietary platform provides a turn-key, scalable system to bring personalized and customized full-color 3D printed products to the mass market. When paired with Sandboxr's own platform and impressive brand portfolio, WhiteClouds stands to become a preeminent 3D printing solutions provider.

"As one of the most recognizable names in 3D printing technology today, Sandboxr will be a tremendous asset to WhiteClouds," said Jerry Ropelato, CEO of WhiteClouds. "Through groundbreaking solutions and dedication to redefining 3D printing as we know it, this partnership strengthens WhiteClouds positioning as the most comprehensive and innovative 3D printing Cloud provider today."

Through Sandboxr's Digital to Doorstep solution, WhiteClouds' 3DaaS platform will now be able to offer businesses 3D Printing in the Cloud with unmatched customization and personalization via Sandboxr's patented configurator software.

"We couldn't be more thrilled with this union," said TJ Young, President of Sandboxr. "WhiteClouds is a giant in the world of 3D printing. Combining our technologies adds an unprecedented level of sophistication that is not just good for the parties involved, but great for the entire 3D printing industry."

"At WhiteClouds we are constantly striving to provide better solutions for brands and better experiences for consumers," added Ropelato. "Partnering with Sandboxr is a monumental step in WhiteClouds' continuing trajectory on both a software and physical product front."

Published in whiteclouds

GF Machining Solutions has announced an agreement to purchase 100 percent of the shares of Microlution Inc, a Chicago-based developer of micro-machining products incorporating milling and laser technologies.

The acquisition of Microlution is in line with GF Machining Solutions’ strategy to enlarge its technology portfolio to fully meet the needs of manufacturers in targeted industry segments, including aerospace and medical. Microlution and GF Machining Solutions have mutually agreed to keep the sales conditions confidential.

“We warmly welcome Microlution to GF,” says Yves Serra, CEO of GF. “The company has developed, within a short time, a remarkable know-how in micro-machining, which complements very well the technology portfolio of GF Machining Solutions. We look forward to supporting Microlution in widening its presence in the US and worldwide.”

Microlution was founded in 2005 by three engineers from the Chicago region. The company specializes in 5-axis milling and femtosecond laser for hole drilling and micro-cutting applications for a wide range of industries, including aerospace, medical and automotive. It generated $10 million in sales in 2015 and employs 30 individuals.

“We are excited for our team, products and technology to join forces with GF Machining Solutions,” says Andy Phillip, President and Director of Microlution. “Microlution’s customers have benefited from our innovative systems for nearly 10 years. With our new partner, we will increase our ability to serve customers and grow.”

Published in GF Machining Solutions

Formlabs announced it has acquired Pinshape, an online 3D printing community that hosts a marketplace of 3D designs.

From making stereolithography 3D printers to developing 3D printing software, Formlabs also makes a suite of high-performance materials. With Pinshape, Formlabs further broadens its already robust ecosystem of 3D printing offerings.

“We’re proud to welcome Pinshape to Formlabs,” said Max Lobovsky, co-founder and CEO of Formlabs. “Pinshape is a company that shares the same passion and drive as Formlabs in making sophisticated 3D printing technology widely accessible. Pinshape is one of the fastest growing 3D design marketplaces, and Formlabs wants to make sure Pinshape stays that way. Formlabs is building the biggest desktop 3D printing company in the world, and we want to grow the collaboration part of the ecosystem to the same level.”

Founded in 2013 with headquarters in Vancouver, Canada, Pinshape is a 500 Startups-backed company that enables top designers and brands to share, market, and sell 3D designs.

“Pinshape has grown to be one of the largest and most respected 3D design marketplaces online, and we owe this success to our community of talented designers and makers,” said Lucas Matheson, co-founder and CEO of Pinshape. “We’re thrilled that Pinshape is joining Formlabs and excited for our community. The Formlabs team is amazing; they’re building some of the best-in-class technologies in 3D printing and continue to break new ground in the industry.”

“3D printing is greater than just Formlabs,” said Dávid Lakatos, head of product at Formlabs. “By connecting Pinshape’s thriving community and rich hub of 3D content to Formlabs’ tools of innovation and resources, we help fantastic designs find form. As 3D printing demand continues unabated among professionals and prosumers, we’re excited about joining forces with Pinshape to extend our reach in the market and ecosystem.”

Pinshape will operate as a standalone business within Formlabs.

For more information, visit: www.formlabs.com/stories/formlabs-acquires-pinshape

Published in Formlabs

Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. The purchase price is $970 million. CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology. Last fiscal year, CD-adapco had over 900 employees and revenue of close to $200 million with software-typical double digit margins. On average, CD-adapco increased its revenue at constant currencies by more than 12 percent annually over the past three fiscal years. Siemens expects this business to continue to experience strong growth in the future.

“As part of its Vision 2020, Siemens is acquiring CD-adapco and sharpening its focus on growth in digital business and expanding its portfolio in the area of industry software. Simulation software is key to enabling customers to bring better products to the market faster and at less cost. With CD-adapco, we’re acquiring an established technology leader that will allow us to supplement our world-class industry software portfolio and deliver on our strategy to further expand our digital enterprise portfolio,” said Klaus Helmrich, member of the Managing Board of Siemens.

CD-adapco is a global engineering simulation company with a unique vision for Multidisciplinary Design eXploration (MDX). Engineering simulation provides the most reliable flow of information into the design process, which drives innovation and lowers product development costs. CD-adapco simulation tools, led by the flagship product STAR-CCM+, allow engineers to discover better designs, faster. CD-adapco now has over 3,200 customers worldwide. Its software is currently used by 14 of the 15 largest carmakers, by all of the top ten suppliers to the aerospace industry and by nine of the ten largest manufacturers in the energy and marine sectors.

CD-adapco CEO and President Sharron MacDonald said, “I am pleased for both the employees and the customers of CD-adapco. The opportunities that come with the acquisition by Siemens are endless. The vision of our founders will be realized in the integration of these world-class engineering and manufacturing technologies and a business strategy that will allow engineering simulation to impact more products and companies than ever before.”

CD-adapco is headquartered in Melville, New York, U.S., and has 40 locations worldwide. Siemens expects synergy impact on EBIT to be in the mid-double-digit million range within five years of closing, mainly from revenue. Closing of the transaction is subject to customary conditions and is expected in the second half of fiscal year 2016.

CD-adapco will be integrated into the PLM software business of Siemens’ Digital Factory (DF) Division. DF is the industry leader in automation technology and a leading provider of Product Lifecycle Management (PLM) software. “By adding advanced engineering simulation tools such as CFD to our portfolio and experienced experts in the field to our organization, we’re greatly enhancing our core competencies for model-based simulation that creates a very precise digital twin of the product,” said Anton Huber, CEO of the Digital Factory Division.

For more information, visit: www.siemens.com/about/en/businesses/digital-factory.htm

Published in Siemens

Moog Inc. (NYSE: MOG.A and MOG.B) announced that it has acquired a 70% ownership of Linear Mold and Engineering with an option to acquire the remaining 30%. Terms of the investment were not disclosed.

The privately held company, based in Livonia, Michigan, has 120 employees and specializes in metal additive manufacturing (AM). Linear provides engineering, manufacturing and production consulting services to customers across a wide range of industries including aerospace, defense, energy and industrial.

Sales for the 12 months ended September 2015 were approximately $21 million. The acquisition is expected to be neutral to Moog’s 2016 earnings per share.

“We are excited to welcome Linear to Moog,” said Sean Gartland, Vice President of Strategic Growth Initiatives at Moog. “We see significant potential for metal additive solutions in our core markets–aerospace, defense and industrial applications–in addition to the markets and customers that Linear is already serving.” 

The financial results will be reported as part of the Aircraft Controls segment.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment.

Linear was founded by John Tenbusch in 2003 as a service-focused business and began developing specialized molds and tooling for plastic forming applications. As one of the early adopters of metal additive manufacturing (AM) in North America, the company was able to exploit the advantages it offered for enhanced product feature sets, rapid design cycles and high customization. Over the last five years, Linear has leveraged their AM design and process expertise to build an outwardly focused AM services business.

Published in Moog

Altair announced the acquisition of Click2Cast, to which Altair will acquire 100 percent of Click2Cast’s technology and employees. Altair will also now hold an office in Barcelona, Spain where Click2Cast is based. The addition of Click2Cast technology adds simple and quick casting simulation technology to the Altair suite of products. Having practical applications in both design and engineering, Click2Cast software will be made available through Altair’s solidThinking and HyperWorks business lines. The technology has been available through the Altair Partner Alliance to HyperWorks users since 2013.

Click2Cast offers the easiest casting process simulation on the market, within an innovative and user-friendly interface. The software requires no special training and does not require the user to have an extensive technical background. It is a very effective and powerful design tool, with possible applications in a wide variety of industries.

“We are very excited to further our relationship and make Click2Cast part of Altair’s software offering,” said Martin Solina, general manager of Click2Cast. “This new agreement will allow us to provide even more powerful technological advantages and capabilities in one solution for our end users focused on the design and production of verified casted parts. We look forward to integrating Click2Cast with Altair’s world-class software portfolio.”

“We are excited to bring this dynamic team of individuals and best-in-class software [for casting] simulation into Altair. We plan to leverage their expertise and technology to develop new solutions for synthesizing innovative structures optimized for both performance and manufacturing feasibility,” says James R. Scapa, Founder, Chairman and CEO of Altair.

For more information, visit: www.click2cast.com

Published in Altair

Dialog Semiconductor (XTRA: DLG) and Atmel Corporation (NASDAQ: ATML) announced that Dialog has agreed to acquire Atmel in a cash and stock transaction for total consideration of approximately $4.6 billion. The acquisition creates a global leader in both mobile power management and embedded processing solutions. The transaction results in a fast growing and innovative powerhouse, supporting Mobile Power, IoT and Automotive customers.

Dialog will complement its leadership position in Power Management ICs with a leading portfolio of proprietary and ARM® based Microcontrollers in addition to high performance ICs for Connectivity, Touch and Security. Dialog will also leverage Atmel's established sales channels to significantly diversify its customer base. Through realized synergies, we expect the combination will deliver an improved operating model and enable new revenue growth opportunities.

“The rationale for the transaction we are proposing today is clear - and the potential this combination holds is exciting.  By bringing together our technologies, world-class talent and broad distribution channels we will create a new, powerful force in the semiconductor space.  Our new, enlarged company will be a diversified, high-growth market leader in Mobile Power, IoT and Automotive. We firmly believe that by combining Power Management, Microcontrollers, Connectivity and Security technologies, we will create a strong platform for innovation and growth in the large and attractive market segments we serve.  This is an important and proud milestone in the evolution of our Dialog story,” said Jalal Bagherli, Dialog Chief Executive Officer.

“This transaction combines two successful companies and will create significant value for Atmel and Dialog shareholders, customers and employees. Adding Dialog's world-class capabilities in Power Management with Atmel's keen focus on Microcontrollers, Connectivity and Security will enable Dialog to more effectively target high-growth applications within the Mobile, IoT and Automotive markets,” said Steven Laub, Atmel President and Chief Executive Officer.

The transaction is expected to close in the first quarter of calendar 2016. The transaction has been unanimously approved by the boards of directors of both companies and is subject to regulatory approvals in various jurisdictions and customary closing conditions, as well as the approval of Dialog and Atmel shareholders. Jalal Bagherli will continue to be the Chief Executive Officer and Executive Board Director of Dialog. Two members of Atmel's existing Board will join Dialog's Board following closing.

For more information, visit: www.dialog-semiconductor.com

Published in Dialog Semiconductor

Autodesk, Inc. (Nasdaq: ADSK) has signed a definitive agreement to acquire netfabb, a Lupburg, Germany-based developer of software solutions for industrial additive design and manufacturing. Autodesk will also make a strategic investment in FIT Technology Group, the parent company of netfabb and provider of additive manufacturing software and services. The two companies will collaborate to increase adoption of technology for industrial additive manufacturing.

Autodesk plans to use foreign capital for the transaction, which is expected to close in Autodesk’s Q4 FY2016. Terms of the transaction were not disclosed.

“Autodesk has always been impressed by FIT’s track record in creating powerful solutions to meet the challenges of industrial additive manufacturing and together we will accelerate a new future of making things,” said Samir Hanna, Autodesk vice president and general manager, Consumer & 3D Printing. “We look forward to welcoming the netfabb team to Autodesk and helping designers and manufacturers worldwide take 3D printing beyond prototyping and plastics, to reliably creating production-grade parts at scale.”

More than 80,000 designers, manufacturers, artists, researchers and developers worldwide currently use netfabb solutions as part of their 3D printing process. Autodesk plans to support and expand this community by continuing to develop, sell and support netfabb software as well as integrate netfabb technology into Autodesk’s solutions for product design and additive manufacturing, including Autodesk Fusion 360 the Spark 3D printing platform.

“Autodesk shares FIT’s goal of delivering high quality industrial additive manufacturing. We’re looking forward to cooperating with Autodesk – our newest investor– and we are confident that netfabb will continue to thrive and grow as part of Autodesk,” said Carl Fruth, CEO, FIT AG, parent company of the FIT Technology Group.

For more information, visit: www.netfabb.com

Published in Autodesk

Proto Labs, Inc. (NYSE:PRLB) announced that it has reached agreement in principle to acquire select assets and operations of Alphaform, AG subject to standard terms and conditions of purchase.

Alphaform is a leading service bureau headquartered in Feldkirchen (Munich), Germany. The planned acquisition will include Alphaform divisions operating in Germany, Finland and the United Kingdom. This acquisition will significantly expand Proto Labs’ 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% subsidiary of Alphaform AG is not part of the transaction.

“We are pleased to announce this strategic acquisition which will accelerate the growth of our additive manufacturing services in Europe and complement our current injection molding and CNC machining services,” said Vicki Holt, President and CEO at Proto Labs. “With those three complementary offerings, we’re uniquely postioned to help designers and engineers take a product from the initial stages of prototyping through low-volume production.”

The transaction is expected to be completed in early October.

For more information, visit: www.protolabs.com

Published in Proto Labs

MecklerMedia Corporation (OTCQX: MECK) announced that, in conjunction with New York based Sagamore III LLC, that it has purchased 3DPrint.com and related assets from Forum Advertising LLC of Cape Coral, Florida that is jointly edited by Eddie and Brian Krassenstein. The purchase includes a 25% equity position of 3DPrintBoard.com. Terms for the asset acquisition were not disclosed. The Krassensteins will continue to be involved with 3DPrint.com as the new directors of ad sales and will be involved editorially until the completion of MecklerMedia's Inside 3D Printing trade show taking place in Santa Clara, California October 20-22, 2015.

In addition to the acquisition announcement, MecklerMedia announced the launch of the first ad network for the 3D Printing Industry. Advertisers will be offered network "buying" opportunities that will include 3DPrint.com, Inside 3D Printing News and companion email newsletter, 3DPrintingIndustry.com and its companion industry email newsletter in which MecklerMedia holds a significant equity position, and the new print/controlled circulation magazine 3D METAL PRINTING debuting in April, 2016 from the Precision Metalforming Association. This new advertising network will offer advertisers an opportunity to reach over 1.5 million unique visitors a month, reach over 500,000 social media contacts, and advertise with the soon to be largest print magazine readership worldwide.

"The purchase of 3DPrint.com combined with our equity interest in 3DPrintingIndustry.com and our 12 international 3D Printing trade shows (and growing) makes MecklerMedia the most significant media company covering additive manufacturing worldwide," stated Alan M. Meckler, Chairman and CEO of MecklerMedia Corporation. "We are thrilled that the Krassensteins' great staff of writers will continue to work with us and help expand 3DPrint.com."

Meckler went on to say, "We are very pleased that the noted news site 3DPrintingIndustry.com will be joining in our new advertising network which includes 3DPrint.com and additional publications. We will be able to offer a wide array of unique advertising packages which includes exposure to over 1.5 million unique visitors monthly, over 100,000 email newsletter subscribers, and over 500,000 social media followers of the various publications associated with our advertising network."

"Brian Krassenstein and I have put a tremendous amount of work into building up 3DPrint.com over the past 20 months," said Eddie Krassenstein, Co-founder of 3DPrint.com. "It has become the leader within the 3D printing news space and number one in terms of traffic. We are confident that the site will continue to grow under the guidance of the MecklerMedia team. Brian and I are excited to now be handling all advertising for 3DPrint.com and the new MecklerMedia 3D Printing Advertising Network. Also we are sure that our team of writers and editors will continue to make 3DPrint.com the go-to source for all 3D printing news."

MecklerMedia (OTCQX: MECK) is a producer of global trade shows, conferences, and digital publications covering 3D printing, robotics, and bitcoin/blockchain. MecklerMedia produces more than 25 conferences annually, including Inside 3D Printing, Inside Bitcoins, RoboUniverse, and the 3D Print Design Show. MecklerMedia's news sites include Inside Bitcoins News, 3D Printing Industry, and 3DPrint.com, which provide up-to-date coverage to help drive business forward.

For more information, contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Published in MecklerMedia

The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Precision Castparts Corp. (“PCC”) (NYSE: PCP) have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for $235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC net debt.

“I’ve admired PCC’s operation for a long time. For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s Board of Directors is proud that PCC will be joining Berkshire,” said Warren E. Buffett, Berkshire Hathaway chairman and chief executive officer.

“We are very pleased to be joining forces with Berkshire Hathaway,” said Mark Donegan, PCC’s chairman and chief executive officer. “We see a unique alignment between Warren’s management and investment philosophy and how we manage PCC for the long-term. We believe that as part of Berkshire Hathaway, PCC will be exceptionally well-positioned to support our customers’ needs into the future. This transaction offers compelling and immediate value for our shareholders, and allows PCC’s employees to continue to operate in the same manner that has generated many years of exceptional service and performance to our customers.”

The transaction requires approval by a majority of PCC’s outstanding shares. Closing is expected to occur during the first quarter of calendar 2016, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act and competition clearance in certain foreign jurisdictions.

PCC will continue to do business around the world under the Precision Castparts name and maintain its headquarters in Portland, Oregon.

For more information, visit: www.precast.com

Published in Berkshire Hathaway

Alcoa (NYSE: AA) announced that it has completed the acquisition of RTI International Metals, Inc. (NYSE: RTI), a global leader in titanium and specialty metal products and services for the aerospace, defense, energy and medical device markets.

With RTI, Alcoa expands its reach into titanium—the world’s fastest-growing aerospace metal—and adds advanced technologies and materials capabilities for greater innovation power in aerospace and beyond.

“Today, Alcoa takes its multi-material aerospace portfolio to greater heights than ever before,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “By combining the talent and advanced technology of RTI and Alcoa, we significantly increase Alcoa’s aerospace market reach. Through this and our other investments and innovations, we are positioning the Company to capture even more profitable growth and create greater sustainable value for our customers, employees and shareholders.”

RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions (EPS) segment. The new business unit, called Alcoa Titanium & Engineered Products (ATEP), will be led by Eric Roegner who has been named President of ATEP, effectively immediately. In addition, Roegner continues as Chief Operating Officer of Engineered Products and Solutions with responsibility for ATEP and Alcoa Power and Propulsion, and President of Alcoa Defense.

RTI’s titanium operations span midstream processes such as melting, ingot casting, bloom, billet, plate and sheet production; and downstream extrusions for aerospace, oil and gas applications, high speed machining, and production of integrated sub-assemblies primarily for aerospace. These capabilities complement Alcoa’s titanium investment casting and forging capabilities, and enable a value-creating closed titanium scrap loop.

RTI’s advanced manufacturing and materials technologies, such as high-velocity machining, forming, extruding and parts assembly operations, enable Alcoa to produce some of the largest, most complex and finished aerospace components. RTI expands Alcoa’s additive manufacturing capabilities to produce 3D-printed titanium, specialty metals and plastic parts for aerospace, medical and energy applications. RTI also grows Alcoa’s portfolio of cutting-edge materials, including titanium aluminides, increasingly used to manufacture lightweight, aerodynamic jet engine parts for next-generation jet engines.

For more information, visit: www.alcoa.com/titanium_and_engineered_products/en/info_page/home.asp

Published in Alcoa

Lockheed Martin (NYSE: LMT) has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9.0 billion. The price is effectively reduced to approximately $7.1 billion, after taking into account tax benefits resulting from the transaction.

“Sikorsky is a natural fit for Lockheed Martin and complements our broad portfolio of world-class aerospace and defense products and technologies,” said Marillyn Hewson, Lockheed Martin chairman, president and CEO. “I’m confident this acquisition will help us extend our core business into the growing areas of helicopter production and sustainment. Together, we’ll offer a strong portfolio of helicopter solutions to our global customers and accelerate the pace of innovation and new technology development.”

The acquisition is subject to customary conditions, including securing regulatory approvals, and is expected to close by late fourth quarter 2015 or early first quarter 2016.

Lockheed Martin and United Technologies Corporation have agreed to make a joint election under Section 338(h)(10) of the Internal Revenue Code, which treats the transaction as an asset purchase for tax purposes. The election generates a tax benefit with an estimated present value of $1.9 billion for Lockheed Martin and its shareholders.

The Corporation plans to align Sikorsky under the Lockheed Martin Mission Systems and Training (MST) business segment. MST and Stratford, Connecticut, based Sikorsky currently partner on a number of critical programs, including the VH-92 Presidential Helicopter, Combat Rescue Helicopter and the Naval MH-60 Helicopter.

Separately, Lockheed Martin will conduct a strategic review of alternatives for its government IT and technical services businesses, primarily in the Information Systems & Global Solutions business segment and a portion of the Missiles and Fire Control business segment. The programs to be reviewed represent roughly $6 billion in estimated 2015 annual sales and more than 17,000 employees.

“As global security market dynamics shift, this review will strengthen our competitive posture, enabling sustained, profitable growth and positioning Lockheed Martin to deliver value for customers, shareholders and employees,” Hewson said.

Lockheed Martin is a leading IT and technical services provider around the globe, and with a series of recent wins in the U.S., Europe and Australia, the business is well positioned for the future. However, following recent shifts in market dynamics, Lockheed Martin will explore whether the businesses can achieve greater growth and create more value for customers and shareholders outside of the Corporation. The strategic review is expected to result in a spin-off to Lockheed Martin shareholders or sale of these components.

The IS&GS programs that are not included in the strategic review are mostly focused on defense and intelligence customers and will be realigned into the Corporation’s other four business segments following completion of the review.

For more information, visit: www.lockheedmartin.com/sikorsky

Published in Lockheed Martin

Stratasys Ltd. (Nasdaq:SSYS) announced it has acquired a key German channel partner, RTC Rapid Technologies GmbH. This transaction aims to strengthen the company's presence in the important German Speaking Countries (GSC) region of Germany, Switzerland and Austria and aligns with Stratasys' growth strategy for the region.

Following the acquisition, Stratasys will continue to offer the full suite of Stratasys 3D printing solutions and services to the installed base of RTC Rapid Technologies and will work with its regional resellers to further capitalize on growth opportunities in selected verticals in the region.

Stratasys and RTC Rapid Technologies have experienced a mutually beneficial partnership since 2003, with RTC Rapid Technologies being a key European partner that helped establish and develop the GSC region. With this transaction, Stratasys will incorporate to its German operations, a seasoned channel partner team that includes customer service, application support, sales and marketing expertise. Stratasys believes that integrating the RTC Rapid Technologies team will better position the company to serve its partners and customers in the GSC region.

"The GSC region is important to Stratasys. By bringing the expertise of RTC Rapid Technologies founders and employees in-house and their intimate familiarity with the GSC region customers, the extended team is expected to add substantial value, being highly focused on our key accounts and business development efforts in this region," says Stratasys EMEA President, Andy Middleton. "RTC Rapid Technologies has been an invaluable partner and an extension of our company for over 12 years, and I am confident that our new relationship will be a winning combination for Stratasys, our partners and customers alike."

For more information, visit: www.rtc-germany.com

Published in Stratasys

Precision Engineered Products (PEP), a manufacturer of medical devices and components, announced the acquisition of Trigon International, specialized in design, engineering, manufacturing and assembly services for orthopedic products. End applications range from trauma, knee, hip, extremities and other instruments.

The purchase of Trigon International, based in Aurora, Illinois, further increases Precision Engineered Product’s share in the orthopedic market. “The combination of Trigon International with our capabilities in orthopedic surgical device design, prototyping, package design, and validation services will provide customers with a full suite of services for orthopedic products,” said John Manzi President and CEO of PEP. “Trigon International enhances PEP’s ability to meet the stringent regulatory requirements for the orthopedic market and its position in the marketplace will drive continued customer growth with orthopedic and medical OEM’s.”

“We, at Trigon, are truly excited about this new partnership with PEP which will enable us to offer more capabilities to our existing customer base including sterile barrier packaging, precision stamping and plastic molding,” said Joe Fenoglio President & CEO of Trigon. “In this ever changing industry, it is critical that we be able to quickly respond to the customer with a full range of precision engineered solutions. With this new partnership, our ability to respond to that need will be second to none.”  Trigon International, which will be renamed PEP Trigon, is now a wholly-owned subsidiary of Precision Engineered Products. PEP Trigon will continue to operate under its current management out of its Aurora, Illinois and Warsaw, Indiana facilities.

Trigon International is an FDA-registered and ISO-13485:2003 certified orthopedic product manufacturer.  Trigon International offers development services, design services and an array of contract manufacturing capabilities from advanced machining and precision assembly to additive manufacturing.

For more information, visit: www.pep-corp.com

Tenere Inc., a full service provider of complex metal and plastic components and assemblies, announced the acquisition of Mountain Molding, LLC, a custom plastics injection molding company offering both tooling and production. The acquisition broadens Tenere’s plastics offering, and enhances their services and capabilities allowing customers to go from product design and prototyping to production quickly and seamlessly.

“We’re proud to welcome Mountain Molding to the Tenere family,” stated Greg Adams, CEO of Tenere. “Mountain Molding shares our commitment to providing the highest level of service and product quality to customers. By combining forces, we look forward to offering all customers greater flexibility and an enhanced menu of capabilities to better meet their needs at any stage of the product life cycle.”

Mountain Molding has been providing custom plastic molding services since 1976 with an attention to excellent service, superior quality, and comprehensive customer support. Mountain Molding serves customers in the medical, security, pet products, consumer products, electronic equipment, and defense industries, among others. Mountain Molding provides its customers with a broad spectrum of services including new mold design and development, transfer of existing molds, injection molding, assembly, contract manufacturing, inventory management, and full product life cycle support. Located in Longmont, Colorado, the company operates with over 50 employees and approximately 50,000 square feet of manufacturing space.

“We see strong synergies with the team at Tenere and believe this combination will greatly benefit all our customers,” stated Don Cheyne, president of Mountain Molding. “The greater depth of resources and experience available with our partner will allow us to enhance and expand the services we offer.”

In Tenere’s acquisition of Mountain Molding, MB Business Capital and Medley Capital served as the lenders, and Goodwin Procter LLP provided legal counsel.

Tenere Inc. makes advanced, customized components from metal and plastic for companies with highly demanding, fast-changing product needs. Founded in 1966, the company is headquartered in Dresser, Wisconsin, and operates four manufacturing facilities in Wisconsin and Colorado. Tenere was acquired by Watermill Group in 2012. Tenere specializes in fabricated sheet metal, injection molded products, machining, and rapid prototyping, as well as providing integration for system-level assembly services. Tenere is a full-service supplier to original equipment manufacturers (OEMs) in the network communications, agriculture, medical, and aerospace industries.

For more information, visit: www.tenere.com

Published in Tenere

Phoenix Analysis & Design Technologies, Inc. (PADT) the Southwest’s largest provider of Numerical Simulation, Product Development, and 3D Printing services and products, is pleased to announce the acquisition of the Stratasys Reseller business of CADCAM Systems, based in Boulder Colorado. This move immediately boosts PADT’s existing 3D Printer sales and support customer base by approximately 30%, adding clients in Colorado, Utah, and New Mexico, making PADT the largest distributor of 3D Printing systems to commercial customers in the Four Corners region.

CADCAM Systems, like PADT, has been a leader in 3D Printing sales and support, working with global manufacturer Stratasys to help build usage in the Rocky Mountain States. Throughout the course of its history, CADCAM Systems has built a reputation for outstanding technical ability and customer service. As customers transition to PADT for system support, consumables and future machines, they will receive the same exceptional service they are used to, now from PADT’s offices in Littleton, Colorado, Murray, Utah, and Albuquerque, New Mexico. Additional support will come from PADT’s headquarters in Tempe, Arizona. Customers will have the added advantage of access to PADT’s other products and services, including 3D Printing services, ANSYS simulation software, product development, and simulation services.

“When we heard that CADCAM Systems was interested in selling their Stratasys business, we were immediately interested.” Said Rey Chu, co-owner at PADT and a recognized expert in the Additive Manufacturing industry. “We knew they took excellent care of their customers and had strong client bases in Colorado, New Mexico, and Utah, three states that we’ve been growing aggressively in. It was an obvious fit for both companies.”

The acquisition will have no impact on the number of people employed at either company. During the transition, customers who purchased maintenance agreements from CADCAM Systems will be serviced by them until they expire, at which time they have the option to renew with PADT. Some 3D Printing material supplies will be available from CADCAM Systems as well during the transition, with PADT taking over that service in the coming months.

This acquisition was made as part of PADT’s long term strategy to strengthen their position as the premier supplier of mechanical engineering products and services in the Southwest. The company continues to make investments in staff, services offered, and products represented to meet the demands of existing and future customers, continuing to prove a commitment to the company’s motto “We Make Innovation Work.”

For more information, visit: www.padtinc.com/cadcam

Published in PADT

3D Systems (NYSE:DDD) announced that it acquired Easyway Design and Manufacture Co. in China, including its wholly owned subsidiaries comprising the Easyway Group, creating 3D Systems China. Easyway is a leading Chinese 3D printing sales and service provider with key operations in Shanghai, Wuxi, Beijing, Guangdong and Chongqing. Terms of the transaction were not disclosed.

“We are excited to become part of 3D Systems, a leading provider of the most complete portfolio of 3D digital design and fabrication solutions available today,” said May Zhou, General Manager, Easyway. “We plan to leverage our collective knowledge and experience for the benefit of our customers by building a stronger local presence and immediately delivering the full range of 3DS products throughout China.”

Easyway brings to 3DS extensive and experienced greater China sales and service coverage, substantial service bureau production capabilities and long-term, key relationships with leading Chinese automotive, medical and consumer goods companies, including VW, Nissan, Philips, Omron, Black & Decker, Panasonic and Honeywell.

Concurrently, the company today announced the formation of 3D Systems China under the capable leadership of May Zhou, Easyway’s founder. The acquisition provides 3DS with a strong platform to scale its in-country Quickparts custom manufacturing operations and multiplexes its 3D printing reseller coverage.

“We are thrilled to join forces with Easyway and together expand our business in China,” commented Avi Reichental, President and Chief Executive Officer, 3DS. “With operations in key Chinese cities and well-established 3D printing sales and service bureau operations, Easyway represents the cornerstone of our expansion plans for China.”

“We believe that the strong relationship and strategic fit between our companies, combined with Easyway’s on-the-ground infrastructure, coverage and deep customer relationships, could present significant benefits for our customers, sizeable growth opportunities for us and long term value for our shareholders,” concluded Reichental.

For more information, visit: www.rpeasyway.com

Published in 3D Systems

Materialise NV (Nasdaq:MTLS) announced the acquisition of Belgian-based CENAT, a developer of embedded computing software and solutions for additive manufacturing control systems. Materialise acquired CENAT for an upfront cash payment and will be required to make certain earn-out payments if certain conditions are satisfied. This transaction will enable Materialise to add new software solutions for quality control to its open platform for additive manufacturing, which already includes tools for everything from file preparation to complete automation and control systems. The high-performance embedded software and processing power of CENAT's AM machine control systems, which have been developed in collaboration with Materialise, will support the extremely demanding quality control systems and processes needed to assure the correct production of printed end-parts in industries such as aerospace and medical.

Materialise founder and CEO Fried Vancraen commented, "We are very proud to welcome the CENAT team to the Materialise Group. We began collaborating with CENAT in response to a growing demand for a greater control over quality for the manufacturing end-use parts, both within our own AM facilities as well as in those of our customers. As the system being developed was complementary to the broad range of solutions in our Open Software Platform for 3D Printing, the decision was made to bring the CENAT system in-house and to the market as part of our broad range of software solutions for industrial additive manufacturing."

"CENAT is very enthusiastic about joining the Materialise group," stated Stijn Schacht, founder and CEO of CENAT. "We have enjoyed the close collaboration with Materialise's R&D team in the development of an AM machine control system and look forward to furthering this work from within Materialise. Furthermore, by teaming up with such established players in the AM industry, we are very excited to be increasing the reach of a technology that answers a growing need for greater control over quality and repeatability."

For 25 years, Materialise has been constantly focused on driving 3D printing forward with innovative applications, operating in an open ecosystem. The company's market-leading software offers a neutral platform to link all 3D printing applications with any 3D printer in the industry and, in 2014, Materialise announced multiple partnerships with 3D printer manufacturers to create build processors that link software even more directly with the machine. This latest acquisition will further improve the transfer of data between machine and user, enabling a potentially greater amount of print success and allowing users to manufacture even more complex and higher quality parts.

Based in Gent, Belgium, CENAT is part of T&M solutions Group, a Group focused on creating custom-made multi-disciplinary solutions to test, measure, inspect, assemble and control products in almost all segments of the manufacturing industry. These solutions contribute to protecting customers' reputations by helping them to enhance their product quality and to optimize their production processes. The CENAT team is comprised of four experts specialized in the development of control systems and the corresponding embedded software, with a recent focus on applying the expertise of T&M solutions to the additive manufacturing industry.

Published in Materialise

Perceptron Inc. (NASDAQ: PRCP), a leader in non-contact 3D machine vision solutions for industrial measurement, inspection, and robot guidance applications, announced that it has reached agreement to acquire two European metrology companies.

  • Coord3 Industries s.r.l, a leading mid-market designer and builder of a full range of high-quality and high-performance Coordinate Measurement Machines (CMMs), based in Turin, Italy.

  • Next Metrology Software s.r.o., a technical leader in CMM operating software and the developer of TouchDMIS™, based in Prague, Czech Republic.

The total value of the transactions will be approximately $15.9 million, in a combination of cash and assumed debt. The combined companies have approximately $15 million in annual revenue. Management expects the transactions will be accretive by the end of fiscal 2016.

Jeffrey M. Armstrong, chief executive officer of Perceptron, said, "The acquisitions of Coord3 and Next Metrology illustrate the progress we are making to implement our strategic plan. These transactions expand and diversify our offerings in the industrial metrology market, and particularly in the scanning CMM market, which is estimated to be growing at a 15 percent Annual rate. According to Frost & Sullivan, global CMM sales are estimated to exceed $1.8 billion in 2015, with automotive CMM sales at approximately $625 million and aerospace CMM sales at approximately $350 million. By offering a compelling solution in this marketplace, we believe we can help expand the overall market while increasing our share of the total."

Armstrong continued, "Coord3 is a leading, innovative supplier of a full range of CMMs with a growing global customer base. Notably, it is one of only two companies in the world able to design and manufacture gantry-style CMMs used to measure very large equipment such as aircraft wings, complete car bodies and railcar frames. By combining the full range of Coord3's CMMs with Perceptron's laser scanners and Next Metrology easy-to-use TouchDMIS™ CMM operating software, Perceptron moves into a market leadership position, able to offer price-competitive, fully integrated CMM solutions worldwide."

Armstrong added, "Our resources will significantly expand the geographic reach of Coord3, as well as providing direct access for their CMMs to our extensive automotive customer base, a market where Coord3 currently does not have significant sales. Importantly, being able to sell CMMs in the automotive sector expands our addressable market to approximately 70 percent of the total that the automotive industry spends on metrology solutions. The industry-leading solutions of Perceptron's current In-Line Measurement business addresses only about 10 percent of the automotive metrology market."

Angelo Muscarella, the president of Coord3 Industries, will continue as managing director of Perceptron's CMM business, which will be operated under the Coord3 name through wholly owned subsidiaries of Perceptron. Muscarella also will serve as Perceptron's country manager for Italy.

For more information, visit: www.perceptron.com

Published in Perceptron

3D Systems (NYSE:DDD) announced that it acquired U.K. based 3D printer maker botObjects and plans to launch the CubePro® C, a new desktop full-color 3D printer powered by botObjects’ technology. The company did not disclose the terms of the transaction, but expects it to be accretive to its 2015 results. The company invites International CES 2015 attendees to experience its revolutionary CubePro C for the first time this week at the 3DS booth, located at the Sands Expo, booth 72225.

botObjects pioneered the first 3D desktop printer using PlasticJet Printing (PJP) that offers true full-color 3D printing, significantly expanding the palette of possibilities for what designers, artists and engineers create, from prototypes to products. botObjects also invented a proprietary 5-color CMYKW cartridge system, capable of mixing primary printing colors on the fly to generate vibrant color combinations and gradient transitions.

The botObjects ProDesk3D will immediately be folded into 3DS’s new CubePro C printer family and deliver a true full-color experience at the affordable price of $4,990, with greater accuracy and speed than any comparable desktop 3D printer on the market today. The new CubePro C is capable of printing down to 25-microns layers at deposition speeds of up to 175 millimeters per second using durable PLA and ABS print materials with PVA support material.

“Joining the winning team at 3DS couldn’t have come at a better time as orders for our revolutionary full-color desktop printer continue to outstrip our resources,” said Martin Warner, co-founder and CEO, botObjects. “Together we can bring this powerful technology to more users faster.”

“We are thrilled to add groundbreaking full-color with ultra thin-layer and high-speed technology from botObjects to our expanding consumer and prosumer 3D printing portfolio,” said Avi Reichental, President and CEO, 3DS. “We are even more excited to team up with botObjects founders, Martin Warner and Mike Duma, and together democratize the availability of this powerful 3D printer and accelerate its adoption globally.”

Under the capable and experienced leadership of Martin Warner, who was named Vice President, General Manager botObjects for 3DS, the company plans to fulfill all of its current backorders for the recently introduced ProDesk3D as it concurrently transitions to the new CubePro C line and substantially expands its desktop reach globally. Until the company expands its manufacturing capacity, the CubePro C will be available in a limited release, with plans to expand distribution later in 2015.  The CubePro C line joins 3DS’ desktop portfolio that includes the CubePro and Cube line of 3D printers and Sense 3D scanning products, which are ideal for a variety of professional desktops from engineers to designers and architects, as well as users at home and students at school.

For more information, visit: www.cubify.com

Published in 3D Systems

3D Systems Corporation (NYSE:DDD) and Cimatron Ltd. (NASDAQ: CIMT) announced a definitive agreement under which 3DS will acquire all of the outstanding shares of Cimatron for $8.97 per share in cash, subject to certain adjustments for Cimatron transaction expenses, for a total of approximately $97 million, inclusive of its net cash.

The combination of Cimatron’s products with 3DS’ portfolio, strengthens 3DS’ position in the fast-growing 3D design and manufacturing space. The transaction adds complementary products and technology and extends 3DS’ direct and reseller sales coverage globally.

“We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value,” commented Avi Reichental, President and CEO of 3DS.

Cimatron is a leading provider of integrated 3D CAD/CAM software products and solutions for manufacturing. Cimatron’s products are used by a growing number of companies worldwide for their 3D production molds, tools and dies in a wide variety of functional end-use manufacturing applications. With two major product lines, CimatronE and GibbsCAM®, Cimatron caters to all manufacturing sectors. CimatronE is an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process from quoting, through design and up to delivery. GibbsCAM, the CAM industry's recognized ease-of-use leader, offers simple to use, yet extremely powerful, solutions for programming multi-axis CNC machine tools.

“We are delighted to combine our leading 3D CAD/CAM software products with 3DS’ expanding design and manufacturing digital thread,” said Danny Haran, CEO of Cimatron. “We have always been focused on providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, and as part of 3DS we can substantially accelerate our progress and extend our reach and impact.”

"Our entire Board of Directors is proud of Cimatron and its management’s long term success in building a great company with leading products that create sustained customer and shareholder value, and are grateful to have been part of guiding this journey," added Yossi Ben Shalom, Chairman of the Board of Cimatron.

The transaction is subject to customary closing conditions, including requisite regulatory approvals and the approval of Cimatron’s shareholders. The Boards of Directors of both companies have unanimously approved the proposed transaction. The companies expect the transaction to close in the first quarter of 2015.

For more information, visit: www.cimatron.com

Published in 3D Systems

The Riverside Company has acquired Fisher/Unitech (Fisher), a value-added reseller of 3D solid modeling design software, 3D printing hardware and related products and services. Based in Troy, Michigan, the company has 13 locations with full classroom facilities supporting sales across 16 states. The company’s products, training, and consulting services are employed by customers to create new products that change the world.

Founded in 1993, Fisher operates largely in the Midwest and New England. Fisher is the world’s largest distributor of Stratasys 3D printers and the third-largest distributor of SolidWorks software in the U.S.

“3D solid modeling and additive manufacturing are increasingly being employed for a wide array of product design, prototype development and manufacturing applications,” said Riverside Partner Steve Dyke. “Fisher/Unitech is a trusted resource for a broad array of customers in numerous industries.”

Fisher/Unitech has more than 8,000 customers, including some of the most prominent manufacurers in aerospace, consumer goods, automobiles, and defense.

Fisher/Unitech CEO Charlie Hess and Vice President of Technology Greg Fisher founded the company and will remain in their positions along with the rest of the management team.

“We’re delighted to partner with Riverside, and we look forward to accelerating our growth with the support of Riverside’s resources and expertise,” said Hess.

Riverside’s growth plans for Fisher/Unitech include investing in the company’s sales, marketing and tech support efforts to capitalize on the strong growth in the company’s core product offerings, as well as entering new markets and product offerings organically and through add-on acquisitions.

Riverside has a rich history of investing in discrete manufacturing companies. The firm has invested in more than 80 specialty manufacturing and distribution (SMD) platform companies since its founding in 1988.

“Our SMD team focuses on investing in many manufacturing businesses that would be target customers for Fisher/Unitech. As a result, the value Fisher provides its customers as they seek to innovate with new products was immediately recognizable to our team,” said Dyke, Riverside’s Global Head of SMD.

Working with Dyke on the transaction for Riverside were Principal Rob Langley, Senior Associate Bernardo Villar, Associate Conor Cook, Senior Operating Partner Michael Michienzi and Operating Partner – Finance Tom Snyder. Origination Principal Scott Gilbertson sourced the opportunity and Partner Anne Hayes worked on financing the transaction for the firm.

Maranon Capital provided financing for the transaction. Jones Day advised Riverside on the investment.

The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 360 transactions. The firm’s international portfolio includes more than 75 companies.

For more information, visit: www.funtech.com

Published in FISHER/UNITECH

MakerBot is pleased to announce the acquisition of the start-up software company Layer By Layer. Layer By Layer, originally based in California, joined MakerBot to help create user-friendly platforms and has been working with MakerBot on developing systems that help make 3D printing technology easier and more accessible through innovations in design combined with computer science. The goal of the acquisition of Layer By Layer is to help accelerate MakerBot’s position in the entertainment and 3D printing management spaces, as part of its effort to build a more robust 3D ecosystem.

One of the recent projects the Layer By Layer team has tackled is the ability for MakerBot to implement streaming technology into the MakerBot Digital Store and provide a digital rights management system for 3D printable files. Secure streaming, launched in October with MakerBot’s Digital Store, is a first for MakerBot and what the company believes to be a major inducement for more licensed content partners to join MakerBot and provide their intellectual property for 3D printing.

“We’re excited to announce the acquisition of Layer By Layer and move forward with the projects we have been working on with the Layer By Layer team. We see this as a major step forward in being able to support not only our licensed content partners with a secure digital rights management system, but other content as well,” noted Jenny Lawton, acting CEO of MakerBot. “The team has been working on several really interesting projects and we are excited to implement added features and benefits to the MakerBot 3D Ecosystem.”

Layer By Layer was started two years ago by Jonathan Schwartz, Max Friefeld, Graham Tremper, Dustin Kane, Becca Schwartz and Oliver Ortlieb. As part of the acquisition, Max Friefeld, Oliver Ortlieb and Jonathan Schwartz have joined MakerBot full-time and work out of the company’s Brooklyn office directly with MakerBot’s Digital Products, Software and Business Development groups. It was Layer By Layer’s goal to push 3D printing forward by building a complete and seamless user experience. The team has been, MakerBot believes, successful in bringing 3D printing technology to a level where there is little need for expertise to run a 3D printer or move files between 3D software and the printer.

“Since we started Layer By Layer almost two years ago, it has been our goal to push 3D printing forward by building a complete and seamless user experience ­ from finding something you want to print, to actually printing it,” noted Max Friefeld, co-founder of Layer By Layer. “We have always strived to make 3D printing a more accessible technology by reducing the barrier to entry with innovations in design and computer science. So, as you probably can tell, we're incredibly excited to now be working at MakerBot, where we'll continue to innovate and explore within 3D printing.”

To learn more about MakerBot, visit: www.layerbylayer.com

Published in MakerBot

voxeljet AG (the “Company” or “voxeljet”), announced that it has completed the acquisition of all outstanding shares of Propshop (Model Makers) Limited (“Propshop”). Terms of the transaction were not disclosed.

Propshop will become voxeljet UK, a wholly-owned subsidiary of the Company, and will continue to support the film and entertainment industry, as well as the broad, growing consumer market for on-demand 3D printing services. Propshop’s operating results will be included in voxeljet’s services segment going forward. James Enright, founder and CEO of Propshop, joins the Company as Managing Director of voxeljet UK and Vice President for Consumer Markets and will report directly to voxeljet’s Management Board.

Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “We have a longstanding relationship with Propshop and are impressed with the business James and his team have developed over the years. Propshop’s innovation, creativity, and advanced experience with our 3D printing technology has made it a leading provider of sophisticated and complex content to the entertainment industry. These attributes and award-winning capabilities have presented Propshop with several new and very exciting consumer-related opportunities in the on-demand parts services market uniquely suited for large scale 3D printing production. Combining the expertise of both companies in this regard is an attractive arrangement. We are very happy to welcome Propshop into the voxeljet family.”

James Enright added, “I am excited to be working with voxeljet and about the opportunities presented by industrial 3D printing techniques and capabilities in developing consumer products. Propshop has a vast archive of digital content, which can now be transformed into collectables and art objects, effectively supplying the expanding market for this type of product.”

Founded in 2002, Propshop is a physical and digital asset production company primarily focused on building props for the entertainment industry. Propshop is based at Pinewood Studios in London, England. In addition to manufacturing physical props, Propshop provides specialized 3D modelling and scanning facilities. Propshop’s clients include Warner Bros., Universal Pictures, Sony Pictures, Disney and BBC Films. Propshop contributed to such films as Zero Dark Thirty (2013), Skyfall (2013), and, The Dark Knight Rises (2013).

For more information, visit: www.propshop.co.uk

Published in voxeljet

PMMI, The Association for Packaging and Processing Technologies, owner and producer of the PACK EXPO portfolio of trade shows, has entered into an agreement to purchase Summit Media Group, Inc., publisher of Packaging World, Automation World, Healthcare Packaging and Contract Packaging. The sale is expected to conclude in late October, according to PMMI Chairman Bill Crist, CEO, Kliklok-Woodman, who delivered the announcement at PMMI's Annual Meeting.

"Summit is a well-known, highly-respected publisher, with print publications and a significant digital presence that truly complements PMMI's strategic plan. They bring to the table a fully developed platform, an established audience and a high level of brand recognition - all within a proven business model," Crist says.

"PMMI's strategic vision is to create opportunities where businesses and people along the packaging and processing supply chain can convene to network, problem solve and do business," Crist adds. "The robust platform Summit brings to the table will enhance our ability to do that."

"I think it's more than fair to say, PMMI's greatest competitive advantage lies in the strength of our trade shows, programs and services," says PMMI President & CEO Charles D. Yuska, noting that the multi-media platform will strengthen PMMI's position. "This platform will help connect our PACK EXPO exhibitors with the trade show attendees year-round and will support the expanding group of expositions."

Summit President and CEO Joe Angel shares his enthusiasm. "The synergy between our two organizations is one that will enable us both to move to the next level in terms of what we can offer our subscribers, customers, PMMI members and the packaging and processing community as a whole. We're very excited to become part of PMMI, with whom we've had a strong relationship for so many years, and look forward to the new opportunities this strategic acquisition will make possible."

Under the agreement, the Summit Media Group staff will join the PMMI staff, with Summit offices remaining in the Chicago area.

For more information, visit: www.summitmediagroup.com

Published in PMMI

Stratasys Ltd. (NASDAQ: SSYS), a leading global provider of 3D printing and additive manufacturing solutions, announced that it has entered into a definitive agreement to acquire privately-held GrabCAD, Inc. in an all-cash transaction.  Terms of the transaction were not disclosed.  The transaction is expected to be completed by the end of September, subject to the fulfillment of customary closing conditions.  Upon completion of the transaction, GrabCAD will operate as a unit within the Stratasys Global Products and Technology Group.  Hardi Meybaum, Co-founder and Chief Executive Officer of GrabCAD, will continue to lead GrabCAD within the group.

Founded in 2010 and led by Mr. Meybaum, a visionary entrepreneur and pioneer in 3D CAD cloud collaboration tools, GrabCAD is helping engineers get products to market faster by connecting people, content and technology.  GrabCAD offers GrabCAD Workbench, a cloud-based collaboration tool that enables engineers and designers to share, view and manage CAD files and other design data.  GrabCAD is also home to a community of more than 1.5 million members from around the world who can access a large public CAD file library as well as connect with other engineers.

The acquisition is expected to enable Stratasys to provide its customers with enhanced collaboration tools and improved accessibility relating to 3D CAD content.  The addition of GrabCAD Workbench provides Stratasys with an opportunity to drive communication and ease of use throughout the 3D printing process and grow its technology solutions and user communities.

“The addition of GrabCAD provides Stratasys with a leading cloud-based collaboration platform for engineering teams to manage, share and view CAD files,” said David Reis, Stratasys Chief Executive Officer.  “By increasing the collaboration and accessibility of 3D CAD files, we believe we can further accelerate the adoption of 3D printing solutions and Stratasys’ product offerings.  Together with GrabCAD, we believe that we will accelerate innovation and provide increased value to a growing universe of customers seeking to utilize 3D printing solutions.  We also welcome GrabCAD's active and important community to the Stratasys family.  The potential within our 3D ecosystem is very exciting.”

“GrabCAD was founded to bring the world’s engineers together and help them collaborate to bring better products to market faster,” said Hardi Meybaum, Chief Executive Officer of GrabCAD.  “By joining forces with Stratasys, a global leader in 3D printing and additive manufacturing, we believe we can extend the reach of one of the most exciting and innovative design collaboration technologies available.  With its broad and growing customer base and worldwide presence, Stratasys can provide more customers around the world with exciting new solutions to meet their design needs.”

Through its acquisition of GrabCAD, Stratasys expects to gain:

  • Knowledge: With the addition of GrabCAD, Stratasys gains an industry leading team of software professionals with a deep understanding of the needs of designers and engineers.

  • Products: GrabCAD’s cloud-based collaboration platform, Workbench, will enable Stratasys to offer customers a solution to drive communication and ease of use throughout the design and 3D printing process.  GrabCAD also provides Stratasys with the opportunity to further partner with CAD vendors and other ecosystem partners while offering innovative collaboration tools related to 3D CAD.

  • Community: GrabCAD has built a global, leading and fast growing community of mechanical engineers and designers, with 1.5 million users who are passionate about design.  This includes a large online community of M-CAD users and a significant public online repository of free CAD files, with more than 500,000 CAD designs available for download and nearly 50,000 file downloads per day.

GrabCAD is leading the Open Engineering movement, helping engineers get products to market faster by connecting people, content and technology.  GrabCAD Workbench makes it easy for engineers to share files, work with partners and complete projects on time, while the GrabCAD Community accelerates the design process by tapping into the knowledge and resources of the largest source of CAD content and engineering minds in the world. Founded in 2010, the company is backed by Matrix Partners and Charles River Ventures and is headquartered in Boston, MA with development offices in Estonia and the UK.

For more information, visit: www.grabcad.com

Published in Stratasys

3D Systems (NYSE:DDD) announced that it has acquired Belgium-based LayerWise, a leading provider of advanced direct metal 3D printing and manufacturing services. LayerWise delivers quick-turn, 3D-printed metal parts, manufactured on its own proprietary line of direct metal 3D printers, for aerospace, high-precision equipment and medical and dental customers. The transaction is expected to be immediately accretive to 3DS’ cash generation. The terms of the transaction were not disclosed.

“We are delighted to integrate our proprietary direct metal technology and processes into 3D Systems’ leading portfolio of products and services,” said Jonas Van Vaerenbergh, one of LayerWise’s founders. “With its culture of continuous innovation dating back to its founder Chuck Hull, the inventor of the first 3D printing technology, and its commitment to advancing direct metal 3D technology and medical device services, 3DS is the perfect fit for our company and strengthens our combined growth potential.”

Since 2008, LayerWise has designed and built its own direct metal 3D printers. Its proprietary powder-to-solid metal printers can produce functional metal parts at convincing production scale. LayerWise’s direct metal printers deliver relative part density of up to 99.98% and match conventional metals mechanical properties, at substantial unit weight reduction. These capabilities have led to rapid adoption of LayerWise manufacturing services by medical device, transportation and precision equipment customers for whom weight-reduction, strength and accuracy are paramount.

“The addition of LayerWise, with its award-winning direct metal printing technology, automated manufacturing processes at convincing scale and leading medical devices services, extends our first mover advantage in these high-growth areas substantially, to the immediate benefit of our aerospace, automotive and medical device customers,” said Avi Reichental, President and CEO, 3DS.

LayerWise will operate under the continued leadership of co-founders Jonas Van Vaerenbergh and Peter Mercelis and immediately pursue new projects in its high-end target markets, taking full advantage of the global market leadership of 3DS by leveraging the combined resources and expertise to advance the entire portfolio further and faster.

As a pioneer in the direct metal printing process, LayerWise is the leading company for 3D printing of high-quality metal parts in serial production. The focus is on creating added value for its customers, by implementing LayerWise' proprietary metal 3D print solutions and engineering know-how to increase the efficiency and performance of the products. LayerWise achieves this by offering co-engineering and full production and finishing services in many high quality metal alloys. Besides high-tech industries, LayerWise has strong presence in the medical and dental industries where LayerWise manufactures revolutionary orthopedic, maxillofacial and dental prostheses.

For more information, visit: www.layerwise.com

Published in 3D Systems

3D Systems (NYSE:DDD) announced that it has acquired American Precision Prototyping (APP) and sister company American Precision Machining (APM), both expert providers of rapid prototyping and advanced manufacturing, product development and engineering services, further extending its service bureau operations in the United States. Details of the transaction were not disclosed.

Headquartered in Tulsa, Oklahoma, APP and APM bring over 24 years of combined advanced prototyping and manufacturing service bureau experience to 3DS with significant aerospace presence. Their production capabilities include a strong regional infrastructure and long-term, key relationships with companies in the sector.

“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.”

“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.”

American Precision Prototyping, LLC (APP) is a privately held services company based in Tulsa, Oklahoma USA that provides high-quality, fast-turn rapid prototype and rapid manufactured parts.

APP has changed the way companies quote and purchase rapid prototype and rapid manufactured parts. APP is not just an online broker selling a fast online quote system. APP owns the equipment used to manufacture your parts and employs the staff that will work with you on your project from start to finish. Our Free Instant Online Quote System is a convenience tool that puts you in control of the quotation process. Our In-House manufacturing ensures the highest quality and our 100% quality guarantee makes any transaction with APP risk-free.

For more information, visit: www.approto.com

Published in 3D Systems

3D Systems (NYSE:DDD) announced that it has acquired Laser Reproductions, a provider of advanced manufacturing product development and engineering services, further extending its Quickparts operations in the United States. Details of the transaction were not disclosed.

Headquartered in Columbus, Ohio, Laser Reproductions brings to 3DS three decades of advanced manufacturing service bureau experience with substantial production capabilities that are rooted in regional infrastructure and supported by long-term, key relationships with regional blue chip companies.

"Laser Reproductions has a wealth of experience and bench strength that is highly complementary to our Quickparts offering," said Ziad Abou, Vice President and General Manager, Quickparts for 3DS. "This acquisition further enhances our on-demand, quick-turn cloud manufacturing services and drives accelerated adoption of our solutions through meaningful new customer relationships. We are delighted to add such powerful regional capabilities to our growing North American footprint."

"3D Systems is the recognized leader in advanced manufacturing and has an exceptional track record in providing the highest quality parts services globally," said Paul Bordner, President of Laser Reproductions. "Having relied on 3D Systems' hardware, software and devices for years, we couldn't be more excited to join the 3DS team and be in a position to provide unrivaled parts services to our customers long into the future."

The company welcomes the entire Laser Reproductions team under the continued leadership of Paul Bordner and plans to immediately integrate it into its expanding Quickparts operations.

Laser Reproductions is a leading provider of rapid prototyping, manufacturing, product development and stereolithography services to industrial design firms, original equipment manufacturers, inventors and architects. By combining today's leading processes, a vast production capacity and deep expertise in design engineering, they deliver innovative solutions that rapidly bring ideas to life. Laser Reproductions' full-service capabilities include today's leading Rapid Prototyping processes and Tooling and Manufacturing services. With corporate headquarters located in Columbus, Ohio, Laser Reproductions is centrally located to serve companies throughout the United States.

For more information, visit: www.laserrepro.com

Published in 3D Systems

3D Systems (NYSE:DDD) announced that it entered into a definitive agreement to acquire Simbionix for $120 million in cash, subject to customary closing adjustments. Simbionix is the global leader in 3D virtual reality surgical simulation and training with 60+ interventional procedures across 8 specialties through 16 simulation platforms — a complementary building block that expands 3DS’s breadth and reach within the open-ended 3D healthcare field.

“Simbionix is a perfect match for our healthcare business and its powerful technology, products, channels and domain expertise expands our 3D healthcare capabilities from the training room to the operating room, and extends our first mover advantage in this fast growing vertical,” said Avi Reichental, President and Chief Executive Officer, 3DS.

Headquartered in Cleveland, Ohio with a research and development center in Israel, Simbionix pioneered patient-specific simulation with FDA-cleared solutions that are changing the way preparation for individual surgeries are carried out. Its proprietary simulation and training products are revolutionizing the way physicians practice and master surgical procedures with improved learning that can favorably impact patient outcomes.

“3D Systems is the recognized 3D healthcare leader and they have an exceptional track record of commercially deploying innovative virtual surgery and medical device products and services,” said Gary Zamler, Simbionix Corporation CEO. “We couldn't be more excited to join this fine organization and look forward to accelerate our growth by enhancing the entire 3D digital thread for the benefit of our customers worldwide.”

The recent acquisition of industry leader Medical Modeling brought to 3DS world-class clinical capabilities in Virtual Surgical Planning (VSP®), guiding and instrumenting of complex personalized surgical procedures, production at scale of 3D printed implants, and delivery of a wide variety of 3D printed patient-specific medical devices.

In addition to synergistic technology and products, Simbionix brings to 3DS global sales channels and deep clinical relationships to accelerate the adoption of best medical practices, to advance clinical performance, and to optimize procedural outcomes. The company’s products can be found in simulation centers, hospitals, colleges and other educational facilities in over 60 countries.

The company plans to operate Simbionix under the continued leadership of Gary Zamler, CEO of Simbionix, who will become Vice President and General Manager, Simbionix Products for 3DS and immediately pursue synergistic integration opportunities leveraging the combined resources and expertise to advance 3DS’ healthcare portfolio further and faster.

For more information, visit: www.simbionix.com

Published in 3D Systems

Hexagon AB, a leading global provider of design, measurement and visualisation technologies, announced the acquisition of Vero Software, a world leader in Computer Aided Manufacturing (CAM) software.

Vero Software is a UK-based company with a strong brand and proven customer satisfaction track record. Their software aids the design and manufacturing process with solutions for programming and controlling machine tools, addressing the rising challenge of achieving manufacturing efficiencies with high-quality output.

Several well-known brands in Vero Software’s portfolio include Alphacam, Cabinet Vision, Edgecam, Radan, SURFCAM, VISI, and WorkNC. The company has large market coverage with offices in the UK, Germany, Italy, France, Japan, USA, Brazil, Netherlands, China, Korea, Spain and India supplying products to more than 45 countries through its wholly owned subsidiaries and reseller network.

The acquisition strengthens Hexagon’s software offerings, providing the means to close the gap of making quality data fully actionable by extending the reach of the newly developed MMS (metrology planning software) to include CAM (manufacturing planning software).

“Together with its unique suite of manufacturing software solutions, Vero Software has the expertise, knowledge and resources to deliver even higher levels of productivity to our customers,” said Hexagon President and CEO Ola Rollén. “Leveraging our global footprint, the synergies from our combined technologies will advance our strategy, supporting the growing need to integrate all data and processes across the manufacturing lifecycle.”

Vero Software will be fully consolidated as of August 2014 (closing being subject to regulatory approval) and will positively contribute to Hexagon's earnings. The company's turnover for 2013 amounted to approximately 80 million EUR.

Hexagon has more than 14 000 employees in over 40 countries and net sales of about 2 400 MEUR.

For more information, visit: www.hexagon.com

Published in Hexagon Metrology

ANSYS (NASDAQ: ANSS), a global leader and innovator of engineering simulation software, announced today that it has acquired SpaceClaim Corporation, a leading provider of fast and intuitive 3-D modeling software for engineers, for a purchase price of $85 million in cash, plus retention and an adjustment for working capital. The transaction was closed on April 30, 2014.

Concord, Massachusetts-based SpaceClaim offers the first powerful and easy-to-use 3-D modeling tool that can be utilized by any engineer during the product development process. This process, called "direct modeling," differs dramatically from traditional CAD software, which is used by a relatively small percentage of engineers – typically late in the development process, to document the detailed design. SpaceClaim and ANSYS have partnered in the past to offer customers ANSYS® SpaceClaim Direct Modeler.

ANSYS' longtime vision is "Simulation Driven Product Development"™, in which organizations can derive tremendous value by harnessing computer simulation early in the design cycle to predict how a product will perform in the real world. With the addition of SpaceClaim, ANSYS will provide customers with a powerful and intuitive 3-D direct modeling solution to author new concepts and then leverage the power of simulation to rapidly iterate on these designs to drive innovation. The broad appeal of the SpaceClaim technology can help ANSYS deliver simulation tools to any engineer in any industry – at the earliest stages of the design cycle. ANSYS has always been an open platform and SpaceClaim's offerings are also CAD-neutral, allowing users to modify geometries regardless of the system in which they were created.

"This transaction is consistent with our strategic vision and M&A strategy, and accelerates our technological product roadmap to enhance our customer offering and drive growth," said Jim Cashman, president and CEO of ANSYS. "SpaceClaim is an exciting addition to our portfolio, as it addresses unmet 3-D modeling needs in the conceptual modeling, manufacturing and 3-D printing spaces, which represents an audience of 5 million users. In addition to driving innovation, the addition of SpaceClaim helps ANSYS accelerate the growth of the simulation market by broadening our user base from analysts and expert users to the millions of design and systems engineers in the industry. We welcome the SpaceClaim team to ANSYS."

"Leading companies know they need to modernize their engineering software and platforms if they want to develop truly innovative products," said Daniel Dean, senior vice president of research and development at SpaceClaim. "SpaceClaim's 3-D tools – combined with ANSYS' proven simulation software – are ideally suited to the rapid pace of today's business, driving a shorter product development process from concept to prototype."

In connection with the transaction, Goodwin Procter LLP is legal counsel to ANSYS.  Deutsche Bank Securities Inc. is exclusive financial adviser to SpaceClaim, and Latham & Watkins LLP is legal counsel.

Founded in 1970, ANSYS employs more than 2,600 professionals, many of them expert in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, U.S.A., ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries.

For more information, visit: www.ansys.com

Published in ANSYS

Forecast 3D has provided 3D printing, rapid prototyping, and short-run manufacturing services for twenty years and this month’s addition of GROWit’s machines and expertise further expands Forecast’s PolyJET offerings. Now, with three new PolyJET 3D printing machines, Forecast 3D doubles their output of PolyJET capacity and can supply parts faster, as well as in full color with the all new Connex 3 platform – the newest 3D printer from Stratasys. The PolyJET 3D printing technology is advantageous for its ability to print in multiple colors with fine detail, smooth surfaces, speed, and precision.

“We are very happy to have found a company whom we are confident can continue to support our customer base at the high level that we have come to be known for as well as be able to offer clients some new Additive Manufacturing processes and technologies,” stated the founder of GROWit, David Gurrola. GROWit has been in business for 7 years, and has worked nearly exclusively with Stratasys 3D printing equipment. Forecast 3D also shares a strong relationship with Stratasys and now owns 8 Stratasys machines: 3 PolyJET machines and 5 FDM (Fused Deposition Modeling) Fortus machines.

“The addition of the PolyJET technology, together with the expertise of GROWit, furthers our vision of being able to provide our customers with the best Additive Manufacturing option for their particular project,” stated Donovan Weber, COO of Forecast 3D. “We believe this solidifies Forecast 3D as the premier independent choice for enterprise 3D Printing solutions.”

GROWit customers can contact former GROWit lead project manager Ken Burns, who will be making the transition to Forecast 3D. Effective immediately, Ken can be reached by phone at 800-549-5414 x 122.

Forecast 3D has been in the 3D Printing and short-run manufacturing space for 20 years and was recently voted by their employees as one of the 10 Best Places to Work in the US & Canada in Plastics News. Known for their quality of service and craftsmanship, Forecast 3D offers a diverse range of 3D printing solutions with SLA (Stereolithography), FDM (Fused Deposition Modeling), DMLS (Direct Metal Laser Sintering), PolyJET high-precision 3D printing, and CNC Machining, as well as being a leader in RTV Tooling operations.

For more information, visit: www.forecast3d.com

Published in Forecast 3D

FineLine Prototyping, Inc. a leading additive manufacturing service company, has announced that it has been acquired by online and technology-enabled quick-turn manufacturer Proto Labs, Inc. (NYSE: PRLB).

Proto Labs, headquartered in Maple Plain, MN, uses computer numerical control (CNC) machining and injection molding to manufacture custom parts for product developers worldwide.

FineLine offers high-quality stereolithography, selective laser sintering and direct metal laser sintering services to corporate customers in a wide variety of industries, including medical, aerospace, computer/electronics, consumer products, industrial machinery, among others.

The addition of an additive manufacturing service is highly complementary to Proto Labs' existing CNC machining and injection molding services. Historically, 70% of Proto Labs customers also utilize an additive manufacturing service in their product development process. Proto Labs will announce the acquisition of FineLine to its substantial database of over 300,000 product developers to help accelerate the growth of the additive manufacturing business.

Proto Labs will continue to operate the FineLine facility out of Raleigh, and expects to retain the services of all key employees, including FineLine principals Rob Connelly and Craig Goff, who will lead Proto Labs' global additive manufacturing business and operations.

Rob Connelly, President of FineLine said, "We are excited to join the Proto Labs team, a global leader in quick-turn custom parts manufacturing. Not only is it a great cultural fit for FineLine, but we're now in a better position to meet the significant demand for additive manufacturing services by leveraging the broader customer reach and global brand recognition of market-leader Proto Labs."

"The acquisition of FineLine is consistent with Proto Labs' strategy to expand sales to product developers through envelope expansions and addition of new service offerings which reduce time, cost and waste in new product development," said Vicki Holt, Proto Labs President and CEO. "We're excited to welcome the FineLine team on board."

Mooreland Partners LLC acted as exclusive financial advisor to FineLine Prototyping, Inc. in connection with this transaction.

For more information, visit: www.finelineprototyping.com

Published in Proto Labs

Renishaw has purchased the business of Advanced Consulting & Engineering, Inc. (ACE), a US-based supplier of dimensional measurement products and services focused on the automotive industry.

The acquisition of family-owned ACE, based in Rochester Hills, Michigan, provides Renishaw further specialized programming capabilities using leading industry packages, and will help to support Renishaw’s sales of co-ordinate measuring machine (CMM) probing systems and Equator gauges in the USA.

For over 15 years ACE has provided a range of in-house and on-site measurement services to its customers including contract inspection, CMM fixture design, machine retrofits, CMM programming, training and full turnkey solutions from concept to completion. Since 2011 the company has also been a distributor of Renishaw’s CMM and gauging products, including REVO®, PH20 and Equator™.  ACE has A2LA lab accreditation.

“We are very excited at becoming a part of the Renishaw Group, which is globally respected in the metrology industry," said Ken Bergler, Founder of ACE. "This is a great opportunity to expand our existing operations, and I believe that we can make a significant contribution to Renishaw’s U.S. operations through the specialized skills we have developed servicing our high quality customer base.”

Leo Somerville, President of Renishaw Inc, added: “This is an excellent acquisition for Renishaw and further underlines our commitment to invest in the development of our metrology business. We have known Ken and his team for many years, over which time ACE has built an excellent reputation for delivering high quality measurement solutions, particularly for demanding applications in the automotive sector.

"As Renishaw continues to focus on supplying end-user metrology solutions, including CMM retrofits and installations of our Equator gauge, the specialized programming and applications knowledge of the ACE team will be particularly valuable.”

For more information, visit: www.renishaw.com

Published in Renishaw

3D Systems (NYSE:DDD) announced that it entered into a definitive agreement to acquire Robtec. Headquartered in Sao Paulo, Brazil, Robtec is one of the largest Latin-American additive manufacturing service bureaus and a leading 3D printing and scanning products distributor in the region. Under the terms of the definitive agreement, 3DS will acquire 70% of the shares of Robtec at closing and the remainder of the shares on the 5th anniversary of the closing. The terms of the transaction have not been disclosed.

Robtec brings to 3DS two decades of additive manufacturing service bureau experience with substantial production capabilities that are rooted in regional infrastructure and capacity and supported by long-term, key relationships with leading Latin American industrial companies.

“We believe that the strong strategic and cultural fit between our companies, combined with Robtec’s on-the-ground additive manufacturing service bureau capabilities, expanded channel coverage and deep automotive and aerospace customer relationships could present significant benefits for our customers, sizeable growth opportunities for us and greater value for our shareholders,” commented Avi Reichental, President and CEO, 3DS.

“This is the right time for us to add a company of Robtec’s reputation, experience, growth record and scale in Latin America,” continued Reichental. “With key operations in Brazil, Argentina, Chile, Uruguay and Mexico, proven service bureau operations and leading printing and scanning distribution activities, Robtec represents the cornerstone of our Latin American expansion plans.”

“We are excited to become part of 3D Systems, a leading provider of the most complete portfolio of 3D content-to-print solutions available today,” said Pablo Elenter, President, Robtec. “We plan to leverage our collective knowledge and experience for the benefit of our customers by building stronger local presence and immediately delivering the full range of 3DS products and services throughout the region.”

Immediately after closing, the company plans to transform Robtec operations into 3D Systems Latin America and expand its offerings to include 3DS’ entire range of 3D design and manufacturing solutions throughout the region.

Founded in 1994, Robtec is one of the largest Latin-American additive manufacturing service bureaus and a leading in-region 3D printing and scanning products distributor. Headquartered in Sao Paulo, Brazil, Robtec is recognized as a trusted and knowledgeable Latin American additive manufacturing and 3D printing resource to the manufacturing sector that brings two decades of experience providing best-in-class rapid prototyping and custom manufacturing services. Robtec is the leading distributor of 3D Systems personal, professional and production 3D printers and of GOM’s scanning solutions and comes with established long-term relationships with leading aerospace and automotive companies.

For more information, visit: www.robtec.com

Published in 3D Systems

3D Systems  (NYSE:DDD) announced that it acquired Medical Modeling Inc., a provider of personalized surgical treatments and patient specific medical devices, including virtual surgical planning and clinical transfer tools, using 3D modeling and printing that is rapidly changing how reconstructive surgery is done today. The company expects this acquisition to be immediately accretive to its net income.

Based in Golden, Colorado, Medical Modeling pioneered the field of 3D printing-centric personalized surgery and patient-specific medical device solutions with FDA-cleared manufacturing processes and world-class expertise, providing help on tens of thousands of patient cases for surgical planning tools, implants and other design services. 3DS also announced that it plans to consolidate all of its healthcare activities into a single unit under the leadership of former Medical Modeling President, Andy Christensen, who was named 3DS’ Vice President, Personalized Surgery and Medical Devices.

“We are thrilled to become part of 3DS,” said Andy Christensen, President, Medical Modeling.  “We already use most of 3DS’ leading professional design-to-manufacturing tools including its Geomagic® Freeform® modeling software and haptic tools and advanced manufacturing Stereolithography and ColorJet Printing professional-grade 3D printers,” continued Christensen. “Working with surgeons around the world on tens of thousands of patient cases gives us a unique perspective on surgical planning opportunities that, together with 3DS technology platform and resources, could accelerate our global growth and enhance overall patient outcomes.”

Medical Modeling delivers Virtual Surgical Planning (VSP®), a service-based approach to personalized surgery that combines expertise in medical imaging, surgical simulation and additive manufacturing. This allows surgeons access to the most up-to-date toolbox for today’s most challenging head and neck surgical procedures. VSP combines a detailed virtual surgical plan with custom-engineered instrumentation to ensure surgical success. Patented and clinically tested technology is available to aid surgeries ranging from trauma reconstruction of the facial skeleton to guidance of fibula-free grafts to more routine orthognathic surgeries.

Dr. Oren Tepper, at the Montefiore Medical Center, used Medical Modeling’s VSP to perform a surgery on a small child who would normally have to wait 6 years until she was big enough for the operation. When she was born, Jayla Varga's jaw was no bigger than her mother's thumb, so small it pushed her tongue against her throat, preventing her from breathing or swallowing properly.

“The combination of our rapidly growing healthcare business with Medical Modeling’s expanding range of products and services creates the largest 3D printing based personalized surgery and patient specific medical device service capabilities available today,” said Avi Reichental, 3DS President and CEO. “By leveraging our collective expertise, technologies and channels under the capable leadership of Andy Christensen, we plan to deliver an expanding range of direct metal and plastic medical devices designed to address this rapidly expanding opportunity.”

For more information, visit: www.medicalmodeling.com

Published in 3D Systems

Stratasys Ltd. (NASDAQ:SSYS), a leading global provider of 3D printing and additive manufacturing solutions, announced that it has entered into definitive agreements to acquire two privately-held companies, Solid Concepts Inc. and Harvest Technologies. Solid Concepts is the largest independent additive manufacturing service bureau in North America and a fast-growing partner to RedEye, Stratasys' existing digital manufacturing service business. The transactions are expected to be completed early in the upcoming third quarter, subject to customary closing conditions, and are expected to be accretive to Stratasys' Non-GAAP earnings per share within the first 12 months after closing. Upon completion of the transactions, Stratasys will combine Solid Concepts and Harvest Technologies with RedEye to establish one additive manufacturing services business unit. Joe Allison, President of Solid Concepts, will join the Stratasys management team and lead the combined parts business, supported by the strong management teams of Solid Concepts, Harvest Technologies, and RedEye.

Solid Concepts and Harvest Technologies are leading providers of additive manufacturing services. With the addition of Solid Concepts and Harvest Technologies, Stratasys is creating a leading strategic platform focused on meeting customers' additive manufacturing needs through an expanded technology and business offering. Solid Concepts and Harvest Technologies provide Stratasys with significant manufacturing and end-use parts production capabilities, infrastructure, capacity and process knowhow, which are expected to accelerate and enable further adoption of additive manufacturing. The combination of Solid Concepts' deep knowledge of manufacturing and vertical focus, such as medical and aerospace, and Harvest Technologies' experience in parts production, as well as materials and systems knowhow, together with RedEye, strengthens Stratasys' direct digital manufacturing and parts production expertise.

Solid Concepts, based in Valencia, California, is an industry pioneer, having provided additive manufacturing solutions to customers since its founding in 1991. Solid Concepts has developed extensive U.S.-based capacity and infrastructure with six U.S. facilities staffed by approximately 450 employees. Solid Concepts maintains a broad variety of technology platforms and processes for additive manufacturing and serves a diverse customer base across a wide range of verticals, including medical, aerospace, and industrial, among others. Solid Concepts provides an overarching platform that, with the integration of Harvest Technologies and RedEye, is expected to create a comprehensive additive manufacturing solution provider. Solid Concepts generated revenues of approximately $65 million in 2013.

Harvest Technologies, based in Belton, Texas, is a specialty additive manufacturing service bureau established in 1995, with approximately 80 employees. Harvest Technologies has deep manufacturing process knowhow and focuses on advanced end use parts applications. Harvest Technologies was the first additive manufacturing company in North America to become AS9100/ISO 9001 certified, and continues to produce end-use parts for multiple industries.

Under the terms of the definitive agreement with Solid Concepts, Stratasys will acquire Solid Concepts for total consideration of up to $295 million, including a payment on closing of $172 million (or, if settled in cash, part on closing and part six months after closing), deferred payments of $60 million and up to $63 million in retention-related payments. Subject to certain requirements for cash payments, Stratasys retains discretion to settle any of the amounts payable under both the definitive agreement and the retention plan in either Stratasys shares, cash or any combination of the two. The value of a portion of the purchase price as well as the deferred and retention-related payments may increase or decrease in line with the market price of Stratasys shares.

Under the terms of the definitive agreement with Harvest Technologies, Stratasys will acquire Harvest Technologies for an undisclosed amount, including retention-related payments, payable in cash, shares or a combination thereof.

"We are pleased to announce these strategic transactions, which will enable us to provide customers with a comprehensive offering that addresses a broad spectrum of additive manufacturing solutions," said Stratasys CEO David Reis. "With Solid Concepts and Harvest Technologies, together with RedEye, we expect to create a strategic platform to meet our customers' additive manufacturing requirements by significantly expanding our offering, targeting new applications, and strengthening our customer relationships. As our customers' requirements continue to expand, we must evolve to create full service offerings that provide a variety of technologies and custom manufacturing solutions and focus on high-end production applications. Solid Concepts and Harvest Technologies are industry pioneers and innovators in the additive manufacturing space. In acquiring these two unique companies, Stratasys is gaining a broad solutions offering with technologies and decades of application and manufacturing experience which, together with RedEye, are expected to create an industry-leading additive manufacturing and parts production platform."

"These transactions are consistent with our core strategic imperatives and M&A strategy, which is focused on acquiring leading companies to support our goal of continued leadership in the segments in which we operate, as well as reaching new niche verticals," Mr. Reis continued. "We will apply our integration expertise to combine Solid Concepts and Harvest Technologies with our existing RedEye digital manufacturing service business to form a single business unit focused on additive manufacturing services. Importantly, with our shared cultures of innovation and customer service, we believe this will be a smooth transition. We look forward to welcoming the talented teams of Solid Concepts and Harvest Technologies to Stratasys - we are confident we have a very bright future together."

Joe Allison, President of Solid Concepts, said, "We are excited to be joining forces with Stratasys, a global leader in 3D printing and additive manufacturing. As part of a larger company with a broad customer reach and market coverage, Solid Concepts will be even better positioned to meet the significant demand for our additive manufacturing offerings. We look forward to working with Stratasys to ensure a smooth and orderly integration of our businesses."

David K. Leigh, President of Harvest Technologies, said, "We are delighted to join forces with Stratasys and Solid Concepts in a transaction that will enhance Harvest Technologies' leadership in producing end use parts using the most advanced additive manufacturing technologies and processes."

Benefits of the Transaction

  • Creates a leading strategic platform to meet a broad range of customers' additive manufacturing needs. The acquisitions of Solid Concepts and Harvest Technologies provide Stratasys with the ability to offer customers a more comprehensive solution based on multiple technologies that address a broad spectrum of additive manufacturing needs. The combination of Solid Concepts' deep knowledge of manufacturing and vertical focus, such as medical and aerospace, and Harvest Technologies' experience in parts production, as well as materials and systems knowhow, strengthens Stratasys' direct digital manufacturing and parts production expertise.

  • Provides Stratasys opportunities to leverage significant manufacturing services capabilities. With their capacity, knowledge and experience, Solid Concepts and Harvest Technologies are expected to allow Stratasys to expand into a broad range of capabilities and applications expertise across a wide range of new and existing applications. The strong and experienced management teams of Solid Concepts and Harvest Technologies, combined with RedEye, provide deep process knowhow around using additive manufacturing for production applications.

  • Creates opportunity for cross-selling synergies. Once Solid Concepts and Harvest Technologies, together with RedEye, have been integrated into a single business unit, Stratasys will leverage cross sell opportunities that are expected to generate long-term synergies with the company's system business.

  • Compelling financial benefits. Both Solid Concepts and Harvest Technologies have strong financial track records. The transactions are expected to be accretive to Stratasys' non-GAAP earnings per share within the first 12 months after closing.

 

About Stratasys

Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis, Minn. and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company's patented FDM® and PolyJet™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the RedEye digital-manufacturing service. Stratasys has more than 1800 employees, holds over 550 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. For more information, visit: www.stratasys.com

About Solid Concepts

Solid Concepts Inc. provides custom manufacturing solutions via additive manufacturing, rapid prototyping, CNC machining, cast urethanes, injection molding and tooling. Since 1991, Solid Concepts has provided engineering expertise from multiple fields to bring success to new products in the aerospace, medical, consumer product industries and more. Capabilities in PolyJet, Stereolithography (SLA), Plastic and Metal Laser Sintering (SLS & DMLS), Fused Deposition Modeling (FDM), QuantumCast™ Cast Urethanes, CNC, Tooling and Injection Molding allow for low to high volume production of plastics, urethanes, and metals directly from design data, resulting in significant time and cost savings. ISO 9001 and AS9100 certifications. For more information, visit: www.solidconcepts.com

About Harvest Technologies

Harvest Technologies was founded by David K. Leigh and, his father, David E. Leigh in 1995. Now with almost 20 years of experience in the additive manufacturing industry, Harvest Technologies runs a fleet of 40 laser sintering (LS/SLS), direct metal laser sintering (DMLS), fused deposition modeling (FDM), and stereolithography (SL/SLA) machines in a cutting-edge 40,000 sq. facility. It is Harvest Technologies' mission to provide top-quality parts and customer service, while continuing to build their reputation as the most valued partner and supplier in the prototype and direct digital manufacturing trades. Harvest Technologies is an AS9100C/ISO 9001:2008 certified supplier. For more information, visit: www.harvest-tech.com

Cautionary Statement Regarding Forward-Looking Statements

Certain information included or incorporated by reference in this press release may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often characterized by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "estimate," "continue," "believe," "should," "intend," "project" or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to the company's objectives, plans and strategies, statements that contain projections of results of operations or of financial condition (including, with respect to the Harvest Technologies and Solid Concepts merger) and all statements (other than statements of historical facts) that address activities, events or developments that the company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the company's ability to efficiently and successfully integrate the operations of Stratasys, Inc. and Objet Ltd. after their merger as well as the ability to successfully integrate MakerBot, Solid Concepts and Harvest Technologies and other acquired entities into Stratasys; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; projected capital expenditures and liquidity; changes in the company's strategy; government regulations and approvals; changes in customers' budgeting priorities; litigation and regulatory proceedings; and those factors referred to under "Risk Factors", "Information on the Company", "Operating and Financial Review and Prospects", and generally in the company's annual report on Form 20-F for the year ended December 31, 2013 filed with the U.S. Securities and Exchange Commission and in other reports that the Company has filed with the SEC. Readers are urged to carefully review and consider the various disclosures made in the company's SEC reports, which are designed to advise interested parties of the risks and factors that may affect its business, financial condition, results of operations and prospects. Any forward-looking statements in this press release are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Published in Stratasys

3D Systems  (NYSE:DDD) announced that it has acquired Digital PlaySpace (DPS), a proprietary, innovative and immersive digital play platform that connects brands, retailers and consumers to 3D printable play activities. Through its two leading digital play properties, Digital Dollhouse and Dreamhouse Designer Facebook app, the DPS platform combines home design, gaming, and community sharing to deliver a vivid 3D create-and-make experience for children and their parents. Compelling content creation, capture and customization features make it quick, easy and fun to personalize and 3D print incredible creations at home on a Cube® 3D printer, or have them cloud printed using 3DS’ fulfillment service, available on its consumer destination site Cubify™.

Jesyca Durchin, DPS founder and CEO said, “We are thrilled to integrate our virtual and actual play experiences directly into the 3DS Cubify platform. Our vision is to deliver a ‘3D PlaySpace’ for everyone. The immersiveness and fun of our PlaySpace experience enhances brand recall and loyalty, enabling brands and retailers to connect with consumers in a whole new way. We designed Digital PlaySpace from the bottom-up for publishing flexibility and scalability, and 3DS is the perfect home for our growth.”

“We are excited to have Jesyca and her entire Digital PlaySpace team join our Cubify platform, enabling millions of new users to connect with family, friends and favorite brands in more immersive and socially creative ways,” said Cathy Lewis, Chief Marketing Officer, 3DS. “Digital PlaySpace’s ability to customize and rapidly publish mobile and web 3D printable content provides a differentiated value proposition for brands and consumers alike.”

Durchin is a leading developer of interactive and filmed entertainment for girls since 1994. She is an award-winning producer of both interactive and 3D animated films for Mattel, and has been a key advisor to Disney Theme Parks regarding brand-sponsored exhibitions targeting women. As a producer, Jesyca has created and produced games, films and rides for leading brands such as Mattel Entertainment, Buena Vista Games, Walt Disney Imagineering, Walt Disney Home Video, and Mattel Interactive.

From virtual worlds to social games, Digital PlaySpace captures and converts consumers through interactive entertainment that strategically leverages play behaviors and lifestyle preferences, seamlessly linking real and virtual goods within immersive and relevant games and interactive experiences. Digital PlaySpace understands brands, their promise to the consumer and how to fulfill that promise through social games. We create real brand engagement for consumers in keeping with what they want and expect, and design games for you that go beyond the traditional corporate/consumer relationship, creating “play spaces” that build brand awareness, fans and customer loyalty.

For more information, visit: www.digitalplayspace.com

Published in 3D Systems

RTI International Metals, Inc. (NYSE:RTI) announced it has acquired Directed Manufacturing, Inc., a leader in Additive Manufacturing of metals and plastics for both commercial production and engineering development applications, for $23 million in cash. The transaction is expected to enhance RTI's ability to deliver advanced, cost-effective titanium and other advanced material solutions to customers in aerospace, medical device and other markets.

Based in Austin, TX, Directed Manufacturing, which will do business as RTI Directed Manufacturing, Inc., becomes the flagship organization in RTI's Advanced Additive product line. It produces complex products using titanium, nickel-chromium alloys and other specialty metals and composite plastics. The specific Additive Manufacturing or "3D Printing" technologies used by the company include Direct Metal Laser Sintering and Plastic Laser Sintering systems.

Directed Manufacturing currently manufactures products that include aerospace airfoils, rakes, guide vanes and injection nozzles, complex fasteners, surgical tools, medical implants, injection mold inserts and many others. It is one of the few companies in the fast-growing Additive Manufacturing field with commercial production experience in both metals and plastics. The company's customers include a number of major aerospace industry prime contractors and suppliers.

"We are very excited to welcome Directed Manufacturing to RTI. We believe its technology, track record of profitable commercial production, proven quality, performance and base of established customers immediately puts RTI at the forefront of Additive Manufacturing and 3D Printing -- the technology that is rapidly expanding it's influence on global manufacturing," Dawne S. Hickton, Vice Chair, President and CEO of RTI, said.

"The growth potential for Additive Manufacturing solutions in RTI's and Directed Manufacturing's markets is truly exceptional. We look forward to maximizing the commercial opportunities that the new capabilities of our latest acquisition will generate, particularly on the most advanced new commercial aircraft and engine platforms, as well as medical device applications," Ms. Hickton added. "We are also anxious to pursue opportunities with businesses in other market segments that are seeking the cost effectiveness of near-net-shape production that Directed Manufacturing's 3D Printing capability delivers."

"We are delighted to combine our company with RTI. Its existing capabilities, financial strength, strong market presence and global footprint make it the perfect partner for Directed Manufacturing to continue and accelerate our progress as we move forward together," Alex Fima, Founder of Directed Manufacturing, said.

The acquisition builds on more than two years of RTI research, development and other participation in the field of Additive Manufacturing as part of its strategic plan. These activities include collaboration with a major commercial aerospace OEM on prototype powder metal parts for advanced design aircraft. RTI is also a founding sponsor of the National Additive Manufacturing Innovation Institute (NAMII) -- recently rebranded "America Makes" -- a joint effort of the federal government and industry based in Youngstown, OH.

RTI International Metals, Inc., is a leading vertically integrated global supplier of advanced titanium and specialty metal products and services to commercial aerospace, defense, energy, medical device and other customers. For more than 60 years, RTI has been taking titanium further through advanced manufacturing, engineering, machining, and forming processes. RTI delivers titanium mill products, extruded shapes, formed and highly engineered precision-machined parts and components through our downstream integrated supply chain.

Headquartered in Pittsburgh, PA, RTI has locations in the United States, Canada, Europe, and Asia.

For more information, visit: www.rtiintl.com

Shareholders in Delcam, one of the world’s leading suppliers of advanced software for manufacturing industry, today voted to accept the offer made by Autodesk to acquire the company.  The acquisition is expected to be completed during February.

Headquartered in Birmingham, UK, Delcam has more than 30 offices worldwide and over 700 employees.  The company’s range of design, manufacturing and inspection software provides automated CADCAM solutions for a variety of industries, ranging from automotive and aerospace to footwear and healthcare.

The latest NC Software Market Analysis Report from leading US analysts CIMdata showed that, in 2012, Delcam again had the highest vendor revenues and received the highest end-user payments of all the CAM-centric companies.  This result meant that the company completed thirteen years as the world’s leading specialist supplier of CAM software and services.

Autodesk and Delcam offer complementary ranges of software, with Autodesk’s programs for design, engineering and entertainment able to be combined with Delcam strengths in manufacturing.

On completion of the acquisition, Delcam will become a subsidiary of Autodesk.  It will maintain its focus on accelerating the growth of its market share in the manufacturing sector, with the added strength that will come from being part of a larger organisation.  Delcam customers will continue to be supported by the skilled and experienced engineers for which the company is renowned through its global network of Subsidiaries, Joint Ventures and Sales Partners.

For more information, visit: www.delcam.com

Published in Delcam

3D Systems (NYSE:DDD) announced the acquisition of Gentle Giant Studios, a provider of 3D modeling for the entertainment and toy industries. For over two decades, Gentle Giant Studios has developed state-of-the-art content using 3D scanning and modeling to develop and manufacture licensed 3D printed characters, toys and collectibles from a variety of franchise properties with global brand recognition, including Marvel, Disney, AMC’s The Walking Dead, Avatar, Harry Potter and Star Wars.

3DS plans to immediately leverage Gentle Giant Studios technology and vast library of digital content into its consumer platform and extend its existing brand relationships to further the reach of 3D scanning, modeling and printing for entertainment, toys, collectibles, action figures in conjunction with numerous blockbuster films and evergreen licensed properties.

“Gentle Giant Studios catapults 3DS’s consumer platform forward with highly curated, licensed characters, content publishing know-how and first-mover experience for the benefit of leading toy companies, movie studios and their merchandising divisions,” said Avi Reichental, President and CEO, 3D Systems.

Gentle Giant produces a wide range of products that are manufactured using the highest quality and most advanced 3D scan to print techniques. A team of incredibly talented artisans digitally capture the likenesses of actors, props, and scenery to accurately model and recreate these images for fans and collectors everywhere. Gentle Giant Studios also provides prototyping and product development services for consumer products, fine art, theme parks, and provides on set digitizing services for major motion pictures.

For more information, visit: www.gentlegiantltd.com

Published in 3D Systems

3D Systems (NYSE:DDD) and Xerox (NYSE: XRX) announced a transaction designed to leverage both companies’ 3D printing capabilities to accelerate growth and cement leadership positions. 3D Systems entered into a definitive agreement to acquire Xerox Corporation’s Wilsonville, Oregon product design, engineering and chemistry group and related assets for $32.5 million in cash. Both companies expect the transaction to close before the end of 2013, subject to fulfillment of certain customary conditions. This agreement expands the decade and a half long collaboration between the companies, that already produced 3DS’ best selling ProJet® series 3D printers.

"We are pleased to expand our relationship with an innovative partner of the caliber of Xerox and expect that acquiring some of the Xerox Wilsonville engineering team, together with their state-of the-art development labs and selected licensed IP, will catapult our 3D printers’ development and manufacturing capabilities forward,” said Avi Reichental, 3D Systems’ President and CEO. “This bold step is consistent with our belief that we must act quickly and decisively to extend and cement our marketplace leadership position by taking full advantage of the window of unprecedented opportunity in front of us.”

"This deal takes advantage of Xerox’s world-class capabilities and expands our relationship with 3D Systems in the exciting and dynamic 3D printing industry,” said Kevin Warren, President of Xerox Strategic Growth Initiatives. “It emphasizes how we are leveraging our expertise while we continue to evolve our business model and pursue strategic growth opportunities.”

As part of this agreement, 3DS expects to add more than 100 experienced Xerox engineers and contractors specializing in product design and materials science to its global R&D team and immediately begin to operate its own facility within the Xerox Wilsonville campus. Xerox will maintain ink and print head development resources along with research relevant for digital printing and the 3D markets. In connection with this strategic investment, 3DS expects to progressively increase its annual R&D expenditures by approximately 75% to 100% over the next few years as it completes certain Xerox related engineering services commitments and fully leverages its expanded capabilities.

“The stronger our marketplace leadership, the more powerful our economic model becomes,” continued Reichental. “Simply put, a solidified position translates directly to higher revenue, higher profitability and greater earnings power over time and we are willing to sacrifice short term earnings to get there faster."

3D Systems is a leading provider of 3D printing centric design-to-manufacturing solutions including 3D printers, print materials and cloud sourced on-demand custom parts for professionals and consumers alike in materials including plastics, metals, ceramics and edibles. The company also provides integrated 3D scan-based design, freeform modeling and inspection tools. Its products and services replace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, create, communicate, prototype or produce real parts, empowering customers to manufacture the future.

Since the invention of Xerography 75 years ago, the people of Xerox have helped businesses simplify the way work gets done. Today, we are the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations.

Published in 3D Systems

3D Systems (NYSE:DDD) announced the acquisition of Village Plastics, a manufacturer of filament-based ABS, PLA and HIPS 3D printing materials. Through its state-of-the-art manufacturing facility in Norton, Ohio, Village Plastics delivers the highest quality, precision 3D printing filaments. 3DS plans to immediately integrate Village Plastics materials and manufacturing technologies to accelerate its development of advanced filament-based materials for its growing Cube® and CubeX™ 3D printers. Additionally, the company plans to support all of Village Plastics’ existing customers by providing full access to its complete portfolio of design-to-manufacturing products and services.

“Village Plastics brings significant filament-based material development know-how and large scale manufacturing expertise that are vitally important to our Cube 3D printer consumer and prosumer growth initiatives,” said Avi Reichental, President and CEO, 3D Systems. “With the Village team on board, we expect to be able to enhance the profitability of this growing category and fast track the delivery of new high-performance filament-based products for the benefit of our users worldwide.”

Village Plastics Co. is a precision manufacturer of thermoplastic 3D printing filament. The company offers an extensive product line and possesses manufacturing capabilities to extrude custom sizes, shapes and profiles to meet customer requirements for extruded products. Its state-of-the-art manufacturing facility is located in Norton, Ohio, with completely customized extrusion lines. Combined with in-house tooling capabilities, the company can provide cost-effective extrusion solutions. Delivering near perfect consistency, monitoring with laser micrometers gives Village Plastics Co. an absolute edge over the competition by providing a superior level of precision and quality at competitive prices. Village Plastics Co. is a family-owned and operated business dedicated to exceeding customers’ expectations.

For more information, visit: www.villageplastics.com

Published in 3D Systems

Arcam has signed an agreement to acquire the AP&C division from Raymor Industries for a total of 35 million Canadian dollars (“CAD”) in a combination of upfront cash payment and installments.

AP&C is a global manufacturer of high quality metal powders and has been a supplier of titanium powders to Arcam since 2006. Titanium powder is an important part of Arcam’s offering to its customers. With this acquisition, Arcam has secured access to high quality titanium powder for its customers’ quickly growing business.

AP&C uses proprietary Plasma Atomization technology to produce metal powders where titanium alloy powder today is the largest product. A significant part of AP&C sales is to the 3D-Printing industry. Other markets include Metal Injection Molding (MIM), powders for spray coatings as well as powders for HIPed components. Arcam and the team at AP&C intend to continue expand the powder business and advance the Plasma Atomization technology.

The AP&C division is expected to generate CAD 6.5 M of revenue during 2013 with an EBITDA result of about CAD 1.5 M. The acquired business, with currently 29 employees, will become a subsidiary of Arcam and continue operating with the existing management team.

The total purchase price amounts to CAD 35 million where a cash payment amounting to CAD 20 million will be paid on closing and the remaining part as two installments to be made in 2015 and 2016 subject to certain targets being met. The acquisition is expected to have a positive effect on Arcam’s earnings per share in 2014.

Closing of the acquisition is subject to customary closing conditions and is expected to take place in the first quarter 2014.

Financing is secured through existing cash and a bank credit facility. Arcam also has the possibility to issue up to 400,000 new shares through the authorization given to the Board of Directors by the extraordinary general meeting held on December 6, 2013.

“With this acquisition Arcam secures access to the optimum production of high grade metal powders for our customers and we also add technology and expertise in powder metal production for 3D-printing in general and other advanced applications,” says Magnus René, President and CEO of Arcam. “This acquisition is consistent with our growth strategy, complements our technology and product portfolio, and is immediately accretive. We are very pleased to welcome the skilled team at AP&C to the Arcam group“

“With this deal we will be a part of the leading company in 3D-printing in metals. Because of our long term close cooperation with Arcam we know that this deal will give us a very good platform for continued growth in the 3D-printing industry. Being part of a larger group will also help in accelerating growth to better service the overall metal powder market”, says Jacques Mallette, President of Raymor Industries and future President of Arcam’s powder business.

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published on December 13, 2013.

For more information, visit: www.arcam.com

Published in Arcam

3D Systems (NYSE:DDD) announced the acquisition of Figulo, a provider of 3D printed ceramics for consumers, makers, artists, designers and architects. Figulo is changing the way ceramics are made by taking this time honored  production and art form and transforming it with 21st century 3D printing technology. The company plans to immediately integrate Figulo’s 3D printed ceramics into its rapidly growing Cubify® ecosystem and its professional cloud printing service, Quickparts®, and to leverage Figulo’s considerable ceramics materials and process knowledge to fast track the commercialization of its own family of end-user ceramic 3D printers for home décor labels, pottery shops, artists and hobbyists.

Figulo has a cloud-based model for manufacturing ceramic objects using 3D printing based on 3DS’ ColorJet Printing (CJP) technology. Customers range from consumers and makers to artists, designers and architects. 3D printed ceramics from Figulo combine the high quality art form with the freedom of complexity allowed by 3D printing technology, empowering everyone from artists, designers and consumers to major décor labels to explore a new degree of what’s possible for kitchenware, tiling, art and more.

“I couldn’t think of a better home for Figulo than 3DS,” said Andrew Jeffery, President and CEO, Figulo Corporation. “This is a dream combination of 3D Systems’ powerful CJP full color technology with Figulo’s extensive ceramic materials and process know-how to accelerate online and at home adoption and to unleash the full potential of professional and consumer ceramic 3D printing.”

“With Figulo on board, we are enhancing both our Cubify and Quickparts capabilities and significantly expanding our materials and process expertise and know-how to fast track the commercialization of ceramic 3D printers,” said Avi Reichental, President and CEO, 3D Systems. “Ceramic 3D printing creates a unique experience for this time honored art form and is sure to induce a new breed of artists, designers and major décor labels to incorporate 3D printing into their professional toolbox while consumers enjoy the next dimension of décor and art.”

Figulo Corporation was founded in August 2011, by Andy Jeffery, Mark Sears and Tim Sheehen based on 3d printing manufacturing experience in materials, process, and traditional ceramics technology to offer personalized production of 3D printed and glazed ceramics to customers all over the world. People from the age of 10 have designed objects that Figulo makes and supplies through the major personalized production online marketplaces. Market areas include glazed ceramics for home decor, artistic and architectural applications.

For more information, visit: www.figulo.com

Published in 3D Systems

AMETEK, Inc. (NYSE: AME) announced that it has acquired Creaform, Inc., a leading developer and manufacturer of innovative portable 3D measurement technologies and a provider of 3D engineering services for approximately $120 million. Based near Québec City, Canada, the privately held company has annual sales of approximately $52 million.

Creaform is the industry leader in stand-alone portable 3D scanners. These optical devices are used in a growing number of applications to create accurate 3D models and measurements of a wide range of objects. Its products include several families of handheld 3D scanners, portable coordinate measuring machines and related accessories that are widely used in reverse engineering, dimensional inspection, precision manufacturing, non-destructive testing, automated quality control and 3D printing. The Handyscan 3D, a handheld laser scanner used to perform non-contact measurement, leads the market in capability and portability.

“Creaform is an outstanding acquisition.  It has an impressive R&D base and an industry-leading position across a number of high growth market applications. Creaform significantly expands the range of non-contact metrology products offered by our Ultra Precision Technology business,” comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

“Creaform’s innovative, optically-based product line and excellent customer base will expand our metrology sales into attractive segments closely adjacent to those of our existing Taylor Hobson and Solartron Metrology businesses,” he adds.

Creaform has its headquarters and manufacturing operations in Lévis, Québec.  It operates innovation centers in Lévis and Grenoble, France, and has direct sales operations in the United States, France, Germany, China, Japan and India. It joins AMETEK as part of its Electronic Instruments Group (EIG) -- a recognized leader in advanced monitoring, testing, calibrating, and display instruments with 2012 sales of $1.9 billion.

AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.6 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500 Index.

For more information, visit: www.ametek.com or www.creaform3d.com

Published in Creaform

3D Systems (NYSE:DDD) announced that it has acquired The Sugar Lab, a start-up micro-design firm based in Los Angeles, California, dedicated to 3D printing customized, multi-dimensional, edible confections in real sugar. The terms of the transaction were not disclosed. The Sugar Lab adopted 3D Systems' Color Jet Printing (CJP) technology to print on a sugar bed using different flavored edible binders that meet all food safety requirements. 3D Systems plans to immediately integrate The Sugar Lab 3D printing technique into its professional and consumer content-to-print platforms with a variety of production-quality applications as well as the ability to 3D print indulgences at home.

"The overlap of technology, food and art is so rich, and the potential for customization and innovation is limitless," said Liz von Hasseln, cofounder of the Sugar Lab.  Existing commercial applications for printable sugar include complex sculptural cakes for weddings and special events that are made possible only with 3D printing, and customizable confections for bake shops and restaurants. Continued von Hasseln, "We see our technology quickly evolving into a variety of flavors and foods, powered by real food printers for professionals and consumers alike and we could not think of a more qualified partner than 3D Systems to help make that a reality."

"I believe there is a social covenant for indulgence that begins with desserts and The Sugar Lab will accelerate our ability to bring edible 3D printables to the masses while empowering chefs, restaurateurs and confectioners with never before explored digital creation tools for food," said Avi Reichental, President and CEO of 3D Systems. "We are absolutely thrilled to partner with two kindred spirits; Liz and Kyle von Hasseln to quickly re-purpose our core 3D Systems print technology and jointly create delicious, custom confections."

The Sugar Lab was founded by Kyle and Liz von Hasseln, a husband and wife architectural design team in Los Angeles. They wanted to make a friend a birthday cake but didn't have an oven so they decided to try to 3D print a cake instead. After a period of trial and error that lasted well beyond her actual birthday they successfully printed a tiny cupcake topper that spelled her name in cursive sugar. She loved it and they thought others would as well so they officially started The Sugar Lab in their studio in Silver Lake.

For more information, visit: www.the-sugar-lab.com

Published in 3D Systems

3D Systems (NYSE:DDD) announced that it has acquired CRDM, Ltd., a leading UK provider of rapid prototyping and rapid tooling services based in Bucks, England. The company intends to immediately integrate CRDM into its global Quickparts Solutions custom parts and manufacturing services. The terms of the transaction were not disclosed.

CRDM, Ltd. designs, prototypes and manufactures parts and tooling for a variety of automotive, aerospace, medical device and motorsports applications, including F1. With almost two decades of experience and a loyal customer base, CRDM extends 3D Systems' offerings and its footprint in the UK, further positioning the company at the center of the rapidly growing, direct manufacturing opportunity.

"CRDM is a strategic and geographically important addition to our rapidly growing 3D content-to-print services portfolio," said Ziad Abou, Vice President and General Manager, Quickparts Solutions, 3D Systems. "With a proven track record in advanced manufacturing and rapid tooling, CRDM complements and expands our extensive range of custom parts services."

For more information, visit: www.crdm.co.uk

Published in 3D Systems

3D Systems  (NYSE:DDD) announced that it has acquired TeamPlatform, a cloud-based, collaborative design and project management platform. 3D Systems plans to immediately integrate the TeamPlatform technology into both its professional and consumer offerings, including Geomagic Solutions and Cubify.com.

TeamPlatform allows product design, engineering services and manufacturing companies to easily manage hundreds of small or large projects with masses of data being shared and used concurrently.  It delivers simple-to-use task management tools, project meta-data structuring capabilities and reusable workspace templates for effective, productive and affordable collaboration.

“TeamPlatform’s powerful collaboration tools connect and expand our growing 3D content-to-print portfolio, multiplexing global productivity and real-time collaboration for our customers,” said Avi Reichental, President and CEO of 3D Systems, “We intend to immediately integrate it into our Geomagic Solutions and Cubify platforms for the benefit of our professionals and consumers globally.”

VisPower Technology was formed in 2010 and developed TeamPlatform with the mission of helping product design, engineering services and manufacturing companies easily manage hundreds of small or large projects concurrently with huge piles of data. Driven by an increasingly efficient and effective cloud computing infrastructure, online project management, collaboration, and data storage services are gaining momentum and attention.

For more information, visit: www.teamplatform.com

Published in 3D Systems

Stratasys Ltd. (NASDAQ: SSYS) and MakerBot announced the signing of a definitive merger agreement whereby privately held MakerBot has agreed to merge with a subsidiary of Stratasys in a stock-for-stock transaction. MakerBot, founded in 2009, helped develop the desktop 3D printing market and has built the largest installed base of 3D printers in the category by making 3D printers highly accessible. The company has sold more than 22,000 3D printers since 2009. In the last nine months, the MakerBot Replicator 2 Desktop 3D Printer accounted for 11,000 of those sales.

The combination of these two industry leaders is expected to drive faster adoption of 3D printing for multiple applications and industries, as desktop 3D printers are becoming a mainstream tool across many market segments. Upon completion of the transaction, MakerBot will operate as a separate subsidiary of Stratasys, maintaining its own identity, products and go-to-market strategy. The merger enhances Stratasys' leadership position in the rapidly growing 3D printer market, by enabling Stratasys to offer affordable desktop 3D printers together with a seamless user experience. The merger is expected to be completed during the third quarter of 2013; and it is subject to regulatory approvals and other conditions customary for such transactions.

The MakerBot 3D Ecosystem drives the accessibility and rapid adoption of their desktop 3D printers. It includes Thingiverse.com, the largest collection of downloadable digital designs for making physical objects, and which is empowered by a growing community of makers and creators. The MakerBot 3D Ecosystem also includes MakerWare software, MakerCare service, MakerBot Filament, the MakerBot Retail Store, the MakerBot 3D Photo Booth, and strategic partnerships with Autodesk, Adafruit, Nokia, OUYA, MoMA and Amazon. MakerBot recently announced it will further extend its 3D Ecosystem with the MakerBot Digitizer desktop 3D scanner.

MakerBot's products are increasingly used by prosumers, including engineers, designers, architects, manufacturers, entrepreneurs and individuals, for professional purposes, as well as for personal applications. Bre Pettis, CEO and co-founder of MakerBot, will continue to lead the company. Pettis is a leader in the 3D printing industry, with a mission to drive further adoption of the company's products.

"MakerBot's 3D printers are rapidly being adopted by CAD-trained designers and engineers," said David Reis, Stratasys CEO. "Bre Pettis and his team at MakerBot have built the strongest brand in the desktop 3D printer category by delivering an exceptional user experience. MakerBot has impressive products, and we believe that the company's strategy of making 3D printing accessible and affordable will continue to drive adoption. I am looking forward to working with Bre," added Reis.

"The last couple of years have been incredibly inspiring and exciting for us," noted Pettis. "We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things using a MakerBot, and allow us to bring 3D technology to more people. I am excited about the opportunities this combination will bring to our current and future customers."

Transaction Details

Under the terms of the merger agreement, Stratasys will initially issue approximately 4.76 million shares in exchange for 100% of the outstanding capital stock of MakerBot. The proposed merger has an initial value of $403 million based on Stratasys' closing stock price of $84.60 as of June 19, 2013. MakerBot stakeholders also qualify for performance-based earn-outs that provide for the issue of up to an additional 2.38 million shares through the end of 2014. The proposed earn-out payments have an initial value of up to $201 million based on the Stratasys closing stock price as of June 19, 2013. Those payments, if earned, will be made in Stratasys shares or cash (in an amount reflecting the value of the Stratasys shares that would have otherwise been issued at the relevant earn out determination date), or a combination thereof, at Stratasys' discretion. The merger is expected to accelerate Stratasys' growth rate and be slightly dilutive to Non-GAAP earnings per share in 2013, and accretive to Stratasys' Non-GAAP earnings per share by the end of 2014.

Operating Structure

Stratasys intends for MakerBot to operate as a separate subsidiary, preserving its existing brand, management, as well as the spirit of collaboration it has built with its users and partners. Together with Stratasys, MakerBot will continue to innovate, expand its product offering, provide attentive service to its users and make more 3D printing content available through Thingiverse.com.

Upon completion of the merger, Stratasys and MakerBot will jointly develop and implement strategies for building on their complementary strengths, intellectual property and technical know-how, and other unique assets and capabilities. The opportunities could include accelerating MakerBot's reach by leveraging Stratasys' global infrastructure; cross-promotion of products into the installed base of the combined companies; and leveraging Stratasys' extensive know-how in Fused Deposition Modeling (FDM) to benefit MakerBot's product line.

MakerBot Overview

MakerBot reports that during the first quarter of 2013, the company generated $11.5 million in total revenue, compared to $15.7 million for all of 2012. Thingiverse.com, MakerBot's online content portal for the sharing of user-generated digital design content, has more than 90,000 3D product files available for sharing, and generates more than 500,000 unique visitors and 1,000,000 downloads each month. The accessibility and ease-of-use of this 3D printing content helps promote system usage.

A majority of MakerBot's sales are via direct-to-consumer channels on the company's website. MakerBot also sells through distributors outside the U.S. and has the MakerBot store, the first-ever 3D printing retail store, which serves as both a desktop 3D printing demonstration site and brick-and-mortar sales location in New York City.

Desktop 3D Printing Overview

Desktop 3D printer usage among design and engineering professionals is growing rapidly. Stratasys and MakerBot estimate that between 35,000 to 40,000 desktop 3D printers were sold in 2012. This number is estimated to double in 2013, as prosumers increasingly adopt desktop 3D printers for a broad range of applications. Stratasys believes that the unique MakerBot user experience along with the affordability and accessibility of their products, materials and services will help to grow the rate of adoption for desktop 3D printers.

Forward Looking Statement

Certain information included or incorporated by reference in this press may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often characterized by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "estimate," "continue," "believe," "should," "intend," "project" or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to the Company's objectives, plans and strategies, statements that contain projections of results of operations or of financial condition and all statements (other than statements of historical facts) that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company's ability to efficiently and successfully integrate the operations of Stratasys, Inc. and Objet Ltd. after their merger; our ability to obtain the necessary approvals and to satisfy the necessary closing conditions in order to successfully close the acquisition of MakerBot; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the Company operates; projected capital expenditures and liquidity; changes in the Company's strategy; government regulations and approvals; changes in customers' budgeting priorities; litigation and regulatory proceedings; and those factors referred to under "Risk Factors", "Information on the Company", "Operating and Financial Review and Prospects", and generally in the Company's annual report on Form 20-F for the year ended December 21, 2012 filed with the U.S. Securities and Exchange Commission and in other reports that the Company has filed with the SEC. Readers are urged to carefully review and consider the various disclosures made in the Company's SEC reports, which are designed to advise interested parties of the risks and factors that may affect its business, financial condition, results of operations and prospects. Any forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Discussion Disclosure

The information discussed within this release includes financial projections that are in accordance with accounting principles generally accepted in the United States (GAAP). In addition, certain non-GAAP financial projections have been provided that exclude certain charges, expenses and income. The non-GAAP measures should be read in conjunction with the corresponding GAAP measures and should be considered in addition to, and not as an alternative or substitute for, the measures prepared in accordance with GAAP. The non-GAAP financial measures are provided in an effort to provide information that investors may deem relevant to evaluate results from the Company's core business operations and to compare the Company's performance with prior periods. The non-GAAP financial measures primarily identify and exclude certain discrete items, such as transaction-related expenses, amortization expenses and expenses associated with share-based compensation required under ASC 718. The Company uses these non-GAAP financial measures for evaluating comparable financial performance against prior periods.

For more information, visit: www.makerbot.com or www.stratasys.com

Published in Stratasys

3D Systems (NYSE:DDD) announced that it has signed agreements to acquire approximately 80% of Phenix Systems, a leading global provider of Direct Metal Selective Laser Sintering 3D Printers based in Riom, France. Phenix Systems designs, manufactures and sells proprietary Direct Metal 3D Printers that can print chemically pure fully dense metal and ceramic parts from very fine powders with the granularity of 6 to 9 microns. Materials include stainless steel, tool steel, super alloys, non-ferrous alloys, precious metals and alumina for a variety of aerospace, automotive and patient specific medical device applications.

The combination of Phenix Systems unique Direct Metal technology with 3D Systems' extensive technology portfolio strengthens the company's offerings and immediately positions it at the heart of the fast-growing aerospace, automotive, defense and patient specific healthcare manufacturing opportunities. The transaction adds complementary printers and materials also strengthening the company's Selective Laser Sintering technology platform.

"Phenix represents the perfect strategic fit for us and we are thrilled to welcome François Reymondet, Patrick Teulet and their entire team to 3D Systems once the deal has closed," said Avi Reichental, President and CEO, 3D Systems. "Our complementary capabilities in advanced manufacturing combined with our effective R&D and extensive marketplace reach and coverage are sure to result in current and future direct metal solutions that will delight our customers."

"We have watched and admired 3D Systems for many years as they have driven the adoption of 3D content-to-print solutions globally. We believe that now is the right time to combine our efforts to take advantage of the accelerating demand for direct metal production," said François Reymondet, CEO of Phenix Systems.

This acquisition is subject to customary closing conditions, and is expected to close in July 2013. After those conditions are met and the acquisition closes, 3D Systems intends to launch a take-over bid on the remaining 20% of the shares of Phenix Systems, listed on the French stock market (Alternext), followed by a squeeze-out procedure should it reach 95% of the shares or voting rights of Phenix Systems, during the second half of 2013. The maximum price payable by 3D Systems for the 80% block is 13 euros per share.

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements," "Cautionary Statements and Risk Factors," and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.

For more information, visit: www.phenix-systems.com

Published in 3D Systems

Autodesk, Inc. (NASDAQ: ADSK) has signed a definitive agreement to acquire Tinkercad, an easy-to-use browser-based 3D design tool. The addition of Tinkercad to Autodesk will help broaden the popular Autodesk 123D family of apps and supports Autodesk’s vision to help anybody imagine, design and create anything. The acquisition will also revive the Tinkercad service and community, despite a previously announced shutdown by its founders and creators.

“We are excited to have reached an agreement with Autodesk that will provide a solid home and bright future for Tinkercad,” said Kai Backman, founder of Tinkercad. “We found in Autodesk a shared vision for empowering students, makers and designers with accessible and easy to use software, and with their global reach and expertise in democratizing design, we’re confident in their ability to introduce Tinkercad to new audiences around the world.”

Autodesk intends for the Tinkercad service to remain available as part of its consumer portfolio. The company also intends to incorporate elements of the Tinkercad technology and user experience into the Autodesk 123D family of products as part of its ongoing effort to make 3D design easier and more accessible to everyone. The transaction is expected to close within the next 30 days.

“Tinkercad is a natural extension of the Autodesk 123D family as well as our other apps and services for consumers, as it is already used alongside Autodesk products,” said Samir Hanna, Autodesk vice president, consumer products. “We look forward to welcoming the Tinkercad community to Autodesk and to continuing their mission of accessible 3D design for all.”

For more information, visit: www.tinkercad.com

Published in Autodesk

The business assets of LBC Laser Bearbeitungs Center GmbH, Kornwestheim, Germany, have been purchased by the German subsidiary of Renishaw. A new business, LBC Engineering, has been created which will be integrated within Renishaw GmbH.

Renishaw, a global company operating in the fields of metrology, healthcare and additive manufacturing is acquiring, as part of an asset deal, the business and employees of LBC Laser Bearbeitungs Center GmbH, a pioneer in the field of additive manufacturing for tool and mould making. Already a leader in the supply of laser melting systems, the deal will also allow Renishaw to offer additional additive manufacturing services, including design and simulation, and the contract manufacture of metal prototypes and production parts.

The deal will create a new business, LBC Engineering, comprised of former employees of LBC Laser Bearbeitungs Center GmbH, which will continue to offer services to its existing customers. The new business will be fully integrated within Renishaw GmbH at its offices in Pliezhausen.

Rainer Lotz, Managing Director of Renishaw GmbH, said: “Through this acquisition the Renishaw Group has gained excellent additional skills and experience, which will allow us to further develop our additive manufacturing business for a wide range of applications. The customers for our laser melting machines will benefit from this additional expertise, allowing them to quickly integrate this exciting new technology, with its many benefits, into their everyday processes.”

LBC Laser Bearbeitungs Center GmbH was established in 2002 as a service provider for laser inscription and 3D laser engraving, and is a recognised pioneer in the field of metal-based additive manufacturing. The company has mainly focused on the additive manufacture of conformally cooled mould tools and tool inserts for injection moulding and die-casting applications. An important part of the service offered includes component design and simulation to maximise the economic benefits of the laser-melted inserts.

Laser melting is an additive manufacturing process capable of producing fully dense metal parts direct from 3D CAD using a high-powered laser. Parts are built from a range of fine metal powders that are fully melted in a tightly controlled atmosphere layer-by-layer. The process gives designers more freedom, resulting in structures and shapes, such as conformal cooling channels, that would otherwise be constrained by conventional ‘subtractive' processes, or the tooling requirements of volume production.

Ralph Mayer and Marc Dimter, executive shareholders of LBC Laser Bearbeitungs Center GmbH, see important synergies for additive manufacturing: “Through the new relationship with Renishaw, we can drive this new technology forward together and specifically focus on meeting increased customer demands for stable processes and industrial use of additive manufacturing machines. Renishaw offers extensive technological knowledge and highly effective research and development from which our existing customers will also benefit.“

For more information, visit: www.renishaw.com/en/laser-melting-systems--15240

Published in Renishaw

LMI Technologies Inc. has signed an agreement to acquire 100 percent of the shares of 3D3 Solutions, a supplier of 3D scanning software and hardware products based in Burnaby, Canada. The takeover deal will result in the integration of 3D3 by LMI Technologies under the LMI brand to create a powerhouse in 3D scanning, visualization, and measurement solutions for both inline factory automation and offline 3D scanning markets such as reverse engineering and 3D printing.

3D3 staff will continue development of HDI 3D scanners and FlexScan3D, a leading PC application offering sophisticated 3D acquisition, visualization and mesh processing. “The simplicity of building precise and complete 3D datasets sets us apart from everyone in the 3D scanning market today. We are excited to integrate our 3D processing technology with LMI’s sensor design expertise to build a formidable offering for customers,” says Thomas Tong, President of 3D3 Solutions. “As Global Sales Manager for 3D scanning products at LMI, I am looking forward to deliver exciting 3D scanner products to a larger audience.”

LMI’s Gocator 3D smart sensor product family delivers scanning, measurement, and control logic in a single industrial sensor package suitable for broad use in factory automation where non-contact quality inspection of widgets is required. “Integrating 3D3’s mesh processing algorithms into Gocator will deliver a new level of capability such as comparing scanned parts to a golden part or CAD model - a key requirement by factories to ensure parts with hundreds of features are rapidly inspected for manufacturing errors,” says Terry Arden, CEO of LMI Technologies. “In addition to enabling fast 3D inspection on Gocator, we see FlexScan3D as the platform to deploy both our 3D measurement tools and 2D HexSight machine vision library. This will give our customers an exceptional PC based solution for high end inspection applications where multi-core PC processing is required.”

With the acquisition of 3D3, LMI will expand into new markets such as medical (dental, ear, foot, face and body scanning), entertainment (gaming, special effects, and animation), manufacturing (reverse engineering, fast prototyping with 3D printing), and the arts (archival, reproductions) by leveraging 3D3’s existing reseller channel network and delivering next generation scanner products suitable for OEM customers.

For more information, visit: www.lmi3D.com or www.3d3solutions.com

Published in LMI Technologies

3D Systems Corporation (NYSE:DDD) announced today that it has acquired Rapid Product Development Group, Inc. ("RPDG"), a provider of on-demand additive and traditional manufacturing services.

3D Systems plans to integrate RPDG's state-of-the-art capabilities into its growing Quickparts services immediately.

"We are honored to become part of 3D Systems, the recognized global 3D content-to-print leader," said Tony Moran, CEO and Founder of RPDG. "Together, we can deliver the full impact of 3D printing and traditional manufacturing capabilities to our global customers."

"We are very pleased to add a proven service provider and innovator of RPDG's reputation, experience and scale to our rapidly growing, global network of on-demand parts services," said Ziad Abou, Vice President and General Manager, Quickparts Services for 3D Systems. "With Tony and his team on board, we are extremely well positioned to expand our services to support our growing customer demand."

For more information, visit: www.3dsystems.com or www.rpdg.com

Published in 3D Systems

GPI Prototype announced that it has acquired Prototype Today, an online news portal for the 3d printing and additive manufacturing industries. Terms of the agreement were not disclosed.

Prototype Today will continue to be operated by Brett Johnson, currently hard at work on a fresh look for the site. Brett is confident the cleaner, simpler interface will be a welcomed upgrade.

Companies and individuals with relevant press releases, articles, or YouTube videos may submit them via email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it for publication consideration.

This acquisition creates notable opportunities for event and trade show partnerships within the manufacturing industry. Those interested in exploring a media partnership may contact Brett Johnson at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to discuss options.

GPI Prototype, headquartered in Lake Bluff, IL, was founded in 2007 and employs 27 people. Additional information about GPI Prototype and their range of services is available on their website www.gpiprototype.com or by contacting a representative at 847-615-8900.

Published in GPI Prototype

3D Systems  (NYSE:DDD) announced today that it has acquired COWEB, based in Paris, France, a start-up that creates consumer customized 3D printed products and collectibles. 3D Systems plans to offer these personalized figures through the company’s proprietary content hosting and publishing platform, Cubify, which includes full Digital Rights Management, DRM. Terms of the transaction were not disclosed.
 
COWEB’s online tools create licensed collectibles as well as a wide range of original custom figurines that can be personalized and 3D printed in full color, using uploaded photos.   When integrated into 3D Systems’ powerful Cubify hosting platform, these capabilities enable creative collaborations like the one previewed earlier in the week at CES between CBS’s Star Trek franchise and 3D Systems, which invites Star Trek fans globally to personalize their favorite Original Series character, 3D print it in the cloud in full color and have it mailed right to their homes.
 
“COWEB’s creative approach to delivering unique products to a growing consumer audience matches up perfectly with the Cubify platform. We look forward to welcoming the COWEB team to 3D Systems’ Cubify where fans and consumers alike can actually co-create new and unique, one-of-a-kind products,” said Sarah Stocker, Senior Director, Consumer Solutions Business, 3D Systems.
 
For more information, visit: www.3DSystems.com or www.votrefigurine.com

Published in 3D Systems

3D Systems (NYSE:DDD) announced today that it has signed a definitive agreement to acquire Geomagic, Inc. This acquisition is subject to customary closing conditions, and is expected to close during the first quarter of 2013, after those conditions are met. Terms of the transaction were not disclosed.
 
The combination of Geomagic’s powerful sculpting, modeling, scanning and inspecting software tools with 3D Systems’ portfolio strengthens its 3D authoring platform and positions the company for accelerated growth in the fast-growing, 3D content-to-print space.  The transaction adds complementary products and technology, increases the company’s reseller coverage globally and is expected to be accretive to its non-GAAP earnings in the first full year following the completion of transaction.
 
“Geomagic represents the perfect strategic fit for us and we are thrilled to welcome 3D pioneer and Geomagic Founder and CEO Ping Fu as our Chief Strategy Officer,” said Abe Reichental, President and CEO, 3D Systems. “Our complementary capabilities in product development, channel coverage and marketing combined with greater efficiencies are sure to result in more affordable and user friendly solutions that will delight our customers and could present attractive long term shareholder value.  In line with that, we intend to expand the range of our 3D authoring solutions further into new manufacturing and consumer applications and concurrently maintain and enhance the existing Geomagic and Rapidform product lines.”
 
“We have worked with 3D Systems for several years to accelerate adoption of 3D content-to-print solutions and believe that now is the right time to combine our efforts to further democratize access to design and 3D printing,” said Ping Fu, Founder and CEO of Geomagic. “Joining 3D Systems provides us with the scale, resources and strategic platform to realize our shared vision of delivering functional, affordable and extensible 3D authoring solutions for the benefit of professional designers and engineers, as well as the exciting Maker’s movement.”

For more information, visit: www.3dsystems.com or www.geomagic.com

Published in 3D Systems

GE announced today that it has agreed to purchase the aviation business of Avio S.p.A., an Italy-based manufacturer of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion U.S. (€3.3 billion).

The announcement was made in Milan, Italy, by David Joyce, president and CEO of GE Aviation, and Nani Beccalli, president and CEO of GE Europe.

GE plans to acquire Avio’s aviation business from Cinven, a leading European private equity firm that has owned Avio since 2006, and Finmeccanica, the Italian aerospace group. The transaction is subject to regulatory and governmental approvals. GE will not be purchasing Avio’s space unit.

The acquisition of Avio’s aviation business, which provides components for GE Aviation and other engine companies, would further GE’s participation in jet propulsion, one of the most attractive sectors of the aviation industry.

Avio will strengthen GE’s global supply chain capabilities as its engine production rates continue to rise to meet growing customer demand. Avio and its customers will benefit from GE’s planned investment in expanding Avio’s products and services. Additionally, GE sees excellent opportunity in the acquisition of Avio related to margin expansion.

Founded in 1908 and headquartered in Turin, Italy, Avio operates in four continents and employs about 5,300 people, 4,500 of whom are in Italy, including approximately 800 in the space unit. In the jet propulsion industry, Avio is a provider of low-pressure turbine systems, accessory gearboxes, geared systems, combustors and other components. Avio's 2011 revenues in the aviation sector were €1.7 billion ($2.4 billion U.S. dollars) with more than 50 percent of that revenue derived from components for GE and GE joint venture engines.

The purchase price to be paid by GE for Avio’s aviation business represents a multiple of approximately 8.5x based on 2012 estimated earnings before interest, taxes, depreciation and amortization.

Avio has supplied components to GE Aviation since 1984 and has content on engines ranging from the large GE90 and GEnx turbofan engines for the commercial aircraft sector, to the smaller CT7/T700 turboshaft engine family for civil and military helicopters. These GE engines are among the best-selling in aviation and are expected to provide a profitable, long-term revenue stream for the company.

This acquisition will create additional opportunities to offer Avio’s products and services beyond the aviation industry. GE plans to pursue new opportunities for Avio in power-generation, oil, and marine products. For example, Avio’s capabilities in transmission systems present potential growth opportunities in multiple sectors.

“We look forward to Avio joining the GE family,” said David Joyce, president and CEO of GE Aviation. “We have worked closely with Avio for decades, and we anticipate a bright future together. This acquisition is a great strategic fit with our existing portfolio. Avio has technologies, capabilities and outstanding engineers to help grow our business. GE is an excellent corporate citizen in Italy, and we are very excited to grow the relationship.”

“The deal with General Electric is a recognition of Avio’s competencies, technologies and growth record,” said Francesco Caio, CEO of Avio. “It lays the foundations for the next phase of development for our company and will enable our teams and plants to become centers of excellence in transmissions and turbines for one of the leading companies in this field. This will open up many new opportunities for our people, our research centres and manufacturing in Italy. Our space division, which will not see a change of ownership in the short term, enters a new phase. Cinven and Finmeccanica will work together to establish the most appropriate set of industrial alliances to ensure long-term competitiveness and compliance with national and European interests.”

For more information, visit: www.ge.com/aviation or www.aviogroup.com/en

Published in GE

The Watermill Group, a strategy-driven private investment firm, announced the acquisition of Tenere, Inc., a full-service designer and fabricator of complex metal and plastic components and assemblies, from Stonehenge Partners, Inc.

“Watermill was attracted to the engineering sophistication at Tenere,” said Watermill Group Partner Robert Ackerman. “Tenere’s outstanding process engineering, rapid prototyping and in-house ability to create complex tools, dies and molds help companies gain precious time-to-market advantages in making fast-changing, high-performance products.”

Tenere’s engineering expertise and highly adaptable manufacturing processes enable the company to partner with original equipment manufacturers (OEMs) during all stages of the product life cycle, from concept development through commercial assembly and integration. Tenere’s state of the art technology for rapid prototyping and high-precision manufacturing helps it fulfill the exacting requirements of OEMs with fast-changing product needs in aerospace, agricultural, data management, information technology, medical and industrial markets.

“Watermill will provide the strategic direction, operating support and other resources that Tenere needs to solidify its position as an advanced manufacturing leader,” said Steven E. Karol, the managing partner at Watermill. “We’ll work closely with Tenere’s management team to pursue immediate investments directed at achieving long-term, sustainable growth.”

To meet rising demand for custom fabrication services, Tenere is adding state of the art equipment to increase manufacturing capacity and is expanding production at its newest facility in St. Croix Falls, Wis. Tenere will also bring on a new CEO and expects to hire as many as 100 employees within the next year.

“I believe Tenere’s potential is limitless,” said Jon Fisk, Tenere’s chief operations officer. “We’re approaching a critical phase in the growth of our company, and Watermill is the right partner to help us expand and scale to the needs of our customers.”

In Watermill’s acquisition of Tenere, Cole Taylor Bank served as the senior lender, Medley Capital was the junior lender, and Goodwin Procter provided legal counsel to Watermill. Western Reserve Partners facilitated the sale as the exclusive investment banker for the seller, Stonehenge Partners.

Tenere, Inc. makes advanced, customized components from metal and plastic for companies with highly demanding, fast-changing product needs. Founded in 1966, the company operates in Dresser, Wis.; St. Croix Falls, Wis.; Somerset , Wis.; and Lakewood, Colo. Tenere fabricates sheet metal, injection molded products and machined products, as well as providing integration and system-level assembly services. Tenere’s strategy is to be a full-service supplier to original equipment manufacturers (OEMs) in the network communications, enterprise software, agriculture, medical and aerospace industries.

For more information, visit: www.tenere.com

Published in Watermill Group

GE Aviation has acquired the assets of Morris Technologies, and its sister company, Rapid Quality Manufacturing, precision manufacturing companies operating in suburban Cincinnati, Ohio.  Terms were not disclosed.

The two privately-held companies, with about 130 Cincinnati-area employees, specialize in additive manufacturing, an automated process for creating rapid prototypes and end-use production components.

With this acquisition, GE Aviation continues to expand its engineering and manufacturing capabilities to meet its growing jet engine production rates over the next five years. In addition to acquiring these manufacturing processes, GE Aviation will open two new production plants in the United States next year.

"Morris Technologies and Rapid Quality Manufacturing are parts of our investment in emerging manufacturing technologies," said Colleen Athans, vice president and general manager of the Supply Chain Division at GE Aviation.  "Our ability to develop state-of-the-art manufacturing processes for emerging materials and complex design geometry is critical to our future.  We are so fortunate to have Morris Technologies and Rapid Quality Manufacturing just minutes from our headquarters.  We know them well."

The additive manufacturing process involves taking digital designs from computer aided design (CAD) software, and laying horizontal cross-sections to manufacture the part.  The process creates the layered cross-sections using a laser beam to melt the raw material. These parts tend to be lighter than traditional forged parts because they don't require the same level of welding.  Additive manufacturing also generates less scrap material during the fabrication process.

Founded by Cincinnati natives Greg Morris, Wendell Morris and Bill Noack in 1994, Morris Technologies (Sharonville) and Rapid Quality Manufacturing (West Chester) have supplied parts to GE Aviation for several years, as well as to GE Power Systems and our Global Research Center. The companies have made everything from lightweight parts for unmanned aerial vehicles (UAVs) for the U.S. military to hip replacement prototypes for the medical field.  The Sharonville and West Chester facilities will become part of GE Aviation's global network of manufacturing operations.

Morris Technologies and Rapid Quality Manufacturing have already been contracted by GE Aviation to produce components for the best-selling LEAP jet engine being developed by CFM International, a 50/50 joint company of GE and Snecma (SAFRAN) of France.  The LEAP engine, which is scheduled to enter service in the middle of this decade on three different narrow-body aircraft, has already received more than 4,000 engine orders before the first full engine has even gone to test.

Morris Technologies and Rapid Quality Manufacturing focus on the aerospace, energy, oil & gas, and medical industries.

GE Aviation, an operating unit of GE (NYSE: GE), is a leading provider of jet and turboprop engines, components, and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.

For more information, visit: www.geaviation.com

Published in GE

Altair, a leading global provider of simulation technology and engineering services, announced it has acquired Synopsis Consulting. Founded in 1986 and headquartered in Turin, Italy, Synopsis Consulting is a leading expert in improving product development process efficiency through the implementation of business and engineering performance analytics solutions. The staff of Synopsis Consulting will be incorporated into Altair’s product development division, Altair ProductDesign, to augment the company’s Enterprise Solutions Group.

For over 25 years, Synopsis Consulting built its reputation by supplying Italian automotive, transportation, machinery and white goods manufacturers with high-quality business analytics solutions, tailored for its clients’ operational and organizational needs. Fiat Auto and Iveco are among the notable Synopsis customers. The company’s primary area of expertise involves the development of engineering analytics systems that help to connect a client’s cross-functional development teams, allowing the accurate tracking of costs, materials, product performance and weight targets throughout the development and manufacturing cycles.

“Before the acquisition, Synopsis was a close partner of Altair in providing our clients with cost and weight analytics solutions,” said Mike Heskitt, Chief Operating Officer of Altair ProductDesign. “With the growing awareness of the critical importance of light-weighting in both the automotive and aerospace markets, the weight analytics solutions we have developed combine with Altair’s core optimization technologies and expertise to furnish a complete solution for our customers. This is why the acquisition was a natural fit for both companies.”

Altair will capitalize on the Synopsis Consulting team’s business and engineering analytics domain knowledge and establish a center of excellence to work in conjunction with Altair ProductDesign’s Enterprise Solutions Group. The combined group will assist companies in solving engineering problems at the desktop, team and enterprise levels by identifying potential improvements in existing operations and help to increase efficiency through system integration, process automation, specialist dashboards and data management solutions.

“We are very excited to join the Altair family,” said Rocco Cappiello and Carlo Damiani, co-founders of Synopsis Consulting. “Altair’s global organization will provide Synopsis with the scale required to develop innovative new business and engineering solutions, and support Altair’s worldwide client base. Our team’s process experience will complement Altair’s product development expertise extremely well. We are looking forward to joining the Enterprise Solutions Group and will relish the opportunity to integrate our weight analytics solution into Altair’s Optimization Centers in operation throughout automotive and aerospace OEMs.”

For more information, visit: www.altair.com

Published in Altair

Siemens acquired Kineo CAM, a leading provider of computer-aided motion software. Kineo CAM’s solutions are proven components of Siemens PLM software products, maximizing customer productivity in various industries by optimizing motion, collision avoidance and path planning. Through the acquisition Siemens will be able to further enhance the computer-aided motion capabilities of its software and strengthen Siemens’ ability to grow market share. The newly acquired company has over 200 customers worldwide and after closing will be assigned to the PLM Software Business Unit.

“By acquiring Kineo CAM we add another advanced technology to our PLM portfolio. This technology enables our customers to make better informed decisions about their products, and to devise manufacturing, maintenance and repair strategies”, says Chuck Grindstaff, CEO and president of Siemens' PLM Software Business Unit. “Kineo CAM provides key components that are already leveraged in our core products, NX, Teamcenter and Tecnomatix. In addition, we will be gaining a team of world-class specialists into our Open Tools team. These experts will continue to partner with Siemens’ PLM product groups as well as other companies that have standardized on the technology."

Kineo CAM software products are delivered as application software to end-users and as software libraries to CAD and CAM software vendors and OEMs of advanced robotic systems. The two companies plan to continue with all the current Kineo CAM product lines.

“We are proud and enthusiastic to join the Siemens PLM organization which is a worldwide leader in the software component market”, says Laurent Maniscalco, CEO of Kineo CAM. “Being part of such a global organization, which operates in the same markets as we do today, will ensure a stronger proximity with our current customers and a larger audience for our software technology. Enjoying excellent and long relationships with Siemens PLM teams, we are confident of a smooth and efficient integration process that will benefit our customers and our team.”

Kineo CAM is the independent software developer of the worldwide leading technology for automatic motion and path planning, KineoWorks™. Specialized in the development of advanced solutions, Kineo CAM provides business solutions to large companies and organizations in the United States, Europe and Japan. Its main market is Mechanical Computer-Aided Design, Manufacturing and Robotics. In these areas, the large range of solutions, from stand-alone to fully integrated software, enables users to save money, shorten development time and increase quality in Product Design (validation of mechanical mounting/dismounting) and Process (simulation of operations in cluttered 3D environments). Kineo CAM is the winner of the national contest of innovation from the Ministry of Research and Technology (2000), received the IEEE/IFR Innovation Award for Outstanding Achievements in Commercializing Innovative Robot and Automation technology (2005), winner of the 2007 Innovation ICT Prize from the European Commission and the European Council of Applied Sciences, Technologies & Engineering.

For more information, visit: www.kineocam.com or www.siemens.com/automation

Published in Siemens

3D Systems (NYSE:DDD) announced today that it acquired Rapidform, a leading global provider of 3D scan-to-CAD and inspection software tools, located in Seoul, South Korea for $35 million in cash, subject to final closing adjustments.

Rapidform’s reverse engineering and inspection software empower product developers to deliver improved product quality and shorter time-to-market. By combining scan data processing, mesh optimization, auto surfacing and CAD modeling in a single, integrated tool, Rapidform has unlocked the power of 3D digitization for engineers and manufacturing professionals worldwide.

“This is a game-changer for our customers and shareholders, and is well-aligned with our strategic plan,” said Abe Reichental, President and CEO of 3D Systems. “We are thrilled to welcome Calvin Hur and his team to our company and we expect that the integration of the Rapidform proprietary products with 3D Systems’ extensive portfolio will result in accelerated growth within the rapidly expanding 3D content-to-print space.”

“I am very pleased and honored to become part of 3D Systems, a world class leader and innovator,” said Calvin Hur, CEO of Rapidform. “Joining 3D Systems provides us with the scale, resources and strategic platform to realize our vision of democratizing the scan-to-CAD workflow for the benefit of designers and engineers.”

With the addition of Rapidform, 3D Systems has secured the cornerstone of its fifth growth initiative: to create a seamless, digital scan, design and print platform for the benefit of its customers. This important growth initiative is consistent with the company’s overall drive to democratize and deliver integrated 3D content-to-print solutions. Rapidform broadens 3D Systems’ range of capabilities with complementary products and technology, and extends its coverage and breadth globally with a significant foothold in South Korea and Japan.

For more information, visit: www.3dsystems.com or www.rapidform.com

Published in 3D Systems

Autodesk Inc., (NASDAQ: ADSK) has completed the acquisition of Qontext, enterprise social collaboration software, from India-based Pramati Technologies. The acquisition of the Qontext technology and development team will accelerate Autodesk’s ongoing move to the cloud and expansion of social capabilities in the Autodesk 360 cloud-based service. Terms of the transaction were not disclosed.

“Autodesk’s acquisition of the Qontext technology is a testament to the Pramati strategy,” said Vijay Pullur, Pramati president. “This transaction is a significant milestone in our ongoing efforts to incubate and build companies that address the rapidly changing needs of business through highly innovative technologies.”

Autodesk intends to use the Qontext technology to add new social capabilities to Autodesk 360, a cloud-based platform that offers users the ability to store, search, and view critical design data improving the way they design, visualize, simulate and share work with others at anytime and from anywhere.

“Mobile, cloud and social computing are dramatically changing the way engineers, designers and architects work. The addition of the Qontext technology to the Autodesk portfolio will lead to new technology innovations that help our customers embrace these disruptive technologies and leverage them for competitive advantage,” said Amar Hanspal, Autodesk senior vice president of information modeling and platform products. “It was great to work with the team at Pramati who have demonstrated a great capability in incubating disruptive businesses."

Pramati builds independent companies focused on profitable, well-defined markets in social, mobile, and cloud computing technologies. Among its companies are SocialTwist, a customer acquisition and retention platform, and Imaginea, a software product and services company.

For more information, visit: www.pramati.com or www.autodesk.com

Published in Autodesk

Autodesk Inc. (NASDAQ: ADSK) has acquired certain assets of HSMWorks Aps, a developer of computer aided manufacturing (CAM) software. Through the acquisition of the HSMWorks technology, Autodesk will add software to control machine tools and related machinery to its portfolio of software for manufacturing. Terms of the transaction were not disclosed.

“The acquisition of the HSMWorks technology brings machining expertise and next-generation CAM technology to the world’s most comprehensive portfolio of manufacturing software,” said Buzz Kross, Autodesk senior vice president, design, simulation and lifecycle products. “Autodesk has a long history of making design and engineering technology more accessible, and we look forward to bringing HSMWorks’ CAM technology to a broader group of users.”

Autodesk intends to integrate the HSMWorks technology with its industry leading software and cloud services for manufacturing, and will make current HSMWorks products available for purchase and HSMXpress available as a free download. Existing SolidWorks customers using HSMWorks will continue to receive support and product updates. HSMWorks Aps is based in Copenhagen, Denmark.
 
Autodesk, Inc., is a leader in professional and personal 3D design, engineering and entertainment software. Autodesk tools help unlock the creativity in everyone, from children and hobbyists to design and engineering professionals. Customers across the manufacturing, architecture, building, construction, digital art and entertainment industries, including the last 17 Academy Award winners for Best Visual Effects, use Autodesk software, mobile apps, cloud services and communities to design, visualize, simulate and communicate their ideas.

For more information, visit: www.hsmworks.com or www.autodesk.com

Published in Autodesk

3D Systems Corporation (NYSE:DDD) announced today that it acquired Tim The Innovative Modelmakers B.V. ("TIM"), a leading full service provider of on-demand custom parts services, located in Eindhoven, The Netherlands. The company plans to integrate the operations of TIM into its on-demand parts service as part of 3D Systems Benelux, and immediately offer its full range of rapid prototyping, model making and manufacturing solutions for the benefit of design-to-manufacturing professionals and consumers alike.

"We are very pleased to add a company of TIM's reputation, craftsmanship, flexibility and speed to our growing on-demand custom parts services network in Europe," said Ziad Abou, Director On-Demand Parts Europe, 3D Systems. "With TIM's expertise on board, we can serve our European growing customer base better, faster and with an expanded menu of services."

TIM is a leading provider of custom prototyping and manufacturing services for designers and engineers who want to create plastic and metal parts from rapid prototyping to production, with a focus on consumer electronics, from domestic appliances to computer peripherals and mobile phones. With complete in-house rapid prototyping and tooling capabilities and an experienced engineering project team, TIM delivers quality prototyping and manufacturing services on time and within budget.

For more information, visit: www.timmodelmakers.nl or www.3dsystems.com

Published in 3D Systems

MSC Software today announced the acquisition of e-Xstream engineering. e-Xstream is the leader in advanced materials simulation used across industries to engineer innovative material systems and enable their optimal use to boost product performance. Its holistic offering uses nonlinear micro-mechanics to model a broad range of materials and physics, taking into account their manufacturing processes. e-Xstream's Digimat™ product interfaces with most FEA structural analysis codes including MSC Nastran™, Marc™, Abaqus™ and ANSYS™. By employing material simulation, the testing required to validate advanced materials can be reduced to levels that allow the practical application of these materials in current designs.

Combined with MSC's simulation tools, e-Xstream's technology allows material simulation to be carried throughout the engineering enterprise to enable advanced failure prediction and the application of computed margins on structural component parts in situ. Instead of characterizing material margins to apply generically to the parts of a structural system, companies can design components with margins computed directly on the part accounting for design critical loads. The promise of advanced material systems can now be realized in practical engineering.

"e-Xstream is an extraordinary company and the joining of our organizations represents important new possibilities for our users," said Dominic Gallello, President & CEO of MSC Software. "Entering a new material into a product can cost manufacturers tens of millions in physical testing, which limits product possibilities. Our goal is to blur the boundary between material engineering and structural engineering, allowing for more pervasive use of advanced materials while helping manufacturers to dramatically reduce the cost of physical testing needed to validate a new material system."

"We are delighted to join forces with MSC to boost our global reach and continue our leadership in the area of advanced materials and composite simulation for aerospace, automotive and many other innovative industries," said Roger Assaker, Co-founder & CEO of e-Xstream. "We remain committed to our entrepreneurial high-tech culture to develop, deploy and support advanced material modeling solutions that help all our customers to engineer and use advanced materials with their designs using MSC's or any other CAE solution."

e-Xstream engineering uniqueness comes from its holistic approach to support multiple:

  • Materials: chopped fiber reinforced plastics or continuous fiber composites
  • Physics: mechanical, thermal and electric
  • Product performance: stiffness, strength, fatigue
  • Manufacturing technologies: injection, compression or draping
  • Material simulation technologies: Mean-Field or Finite Element

For more information, visit: www.mscsoftware.com or www.e-Xstream.com

Published in MSC Software

Precision Stereolithography® service provider, In'Tech Industries Inc.®, today announced it is expanding its 3D printing and additive manufacturing capabilities with the acquisition of Vista Technologies LLC® (VistaTek®) Additive Manufacturing Division. St. Paul, MN-based VistaTek will move division personnel and additive manufacturing equipment to Ramsey, Minnesota.

“This acquisition marks an exciting time for our company as we look forward to continued growth in the rapid prototyping and additive manufacturing marketplace,” said In'Tech VP of sales and marketing Roger Neilson Jr. “With an intense focus on quality, speed and customer service, we have experienced great success in the manufacturing sector, and we are delighted to welcome VistaTek’s employees and customers to our growing organization.”

VistaTek is currently one of the world’s largest Objet-centric service bureaus in the world. In’Tech will relocate VistaTek’s Additive Manufacturing Division to its 64,000 sq. ft. facility where six VistaTek 3D printing specialists will join the In’Tech team. Five Objet 3D printers and one Stratasys 3D production system will move to In’Tech’s climate controlled RP&AM Center which currently houses (14) 3D Systems production printers. The move makes In’Tech one of the largest independently-owned Additive Manufacturing Centers in North America.

“Since opening our Rapid Prototyping Center in 2001, we have responded to increased demand for quick-turn prototype parts and production using highly-skilled personnel and the most innovative technologies and materials available to the industry,” said In’Tech operations manager Randy Stevens. “We are thrilled to expand our portfolio of 3D printing and additive manufacturing capabilities to better serve our customers’ product development and rapid manufacturing needs.”

The acquisition will advance In’Tech’s rapid prototyping and additive manufacturing capacity and present industrial designers and manufacturing engineers with a wider selection of additive materials and processes. Objet’s Digital Materials™ offer an unprecedented range of 100+ materials with diverse mechanical and physical properties and FDM® is highly regarded for producing end-use parts with engineering-grade thermoplastics ranging from ABS to ULTEM®.

“We are confident In’Tech will meet and exceed the same level of quality and service that our rapid prototype customers have come to know and expect,” said VistaTek managing director Dan Mishek. “In’Tech is an impressive operation and has earned a solid reputation within our industry for consistently delivering precision plastic prototypes and production parts, and we are pleased to place our friends and customers into In’Tech’s very capable hands.”

VistaTek established its presence in the marketplace with a strong focus on rapid prototype business. The In’Tech acquisition of VistaTek’s Additive Manufacturing Division will allow VistaTek to respond to growth in its Mold Making and Injection Molding Divisions – areas that have quadrupled in size over the past two years. VistaTek will remain under the management of co-owners and siblings Allen Mishek, Dan Mishek and Jennifer Sutherland who will work to increase custom injection molding opportunities and capture rapid tooling market share across many industries and regions in the United States and Canada.

In’Tech’s RP&AM Center houses three 3D Systems iPro™ 9000 SLA® production printers, five 3D Systems iPro™ 8000 SLA® production printers, six 3D Systems Viper™ Si2 SLA® systems, one Objet Connex500™ 3D printer, two Objet Connex350™ 3D printers, one Objet Eden500™ 3D printer, one Objet Eden333™ 3D printer and one Stratasys Titan™ 3D production system. The 8,000 sq. ft. climate controlled laboratory is managed by an on-site service technician who maintains all equipment to optimize performance requirements for precision output and part accuracy. In’Tech Industries Inc. was founded in 1967. Its 64,000 sq. ft facility houses four centers: Tooling, Engineering, Injection Molding and Rapid Prototyping & Additive Manufacturing and employs 110 people.

Founded in 1996 as a rapid prototype service bureau, Vista Technologies LLC (VistaTek) evolved to a full-service manufacturing company specialized in mold making and injection molding. The company’s Rapid Tooling Division delivers complex, quick-turn prototype tooling, bridge tooling, and production tooling. Its Injection Molding Division offers low-volume production, high-volume production, light assembly, full inspection and secondary operations for plastic parts. VistaTek is ISO 9001:2008 Certified and an UL Advantage Program certified components manufacturer.

For more information, visit: www.intechrp.com

Published in In'Tech Industries

IPG Photonics Corporation (NASDAQ: IPGP) announced the acquisition of privately held New Hampshire-based J.P. Sercel Associates Inc. (JPSA), a leading global supplier of UV excimer and diode pumped solid state (DPSS) industrial laser micromachining systems for precision processing in high-volume manufacturing.  The acquired business will operate under the name IPG Microsystems LLC.
 
The acquisition enables IPG to expand its integrated laser systems product offerings for fine-processing, precision cutting, drilling and micromachining of non-metals, including glass, semiconductors and ceramics. JPSA's systems perform advanced laser micromachining, micro cutting, scribing and laser lift-off for semiconductors, microfluidics, LEDs, thin film solar panels, micro-electro-mechanical systems (MEMs), biomedical technology and industrial automation applications.
 
"This acquisition broadens our customized laser-based systems offerings and provides significant sales synergies," said Dr. Valentin Gapontsev, IPG Photonics Chief Executive Officer. "The combination of JPSA's specialized laser systems and the UV and short pulse fiber lasers that IPG is developing now should allow us to deepen our penetration of the $800 million fine-processing market. At the same time, we plan to capitalize on opportunities to expand the global reach of JPSA's products through IPG's extensive sales and service network. In addition, we expect that the development expertise of the very experienced JPSA team would benefit our capabilities in other micromachining applications."
 
"Strong demand exists for better quality short-wavelength and short pulse width laser sources in applications addressed by JPSA's products," commented Jeff Sercel, CEO and Chief Technology Officer of JPSA. "While we will continue to sell our UV and excimer laser systems, as well as systems which use DPSS lasers, we strongly believe there are significant growth opportunities using advanced fiber lasers to displace traditional laser sources in high growth applications. Together, we will be able to sell into new applications, expand geographically and accelerate into markets where there are needs for advanced fiber laser technology. We look forward to being productive members of the IPG Photonics team."

JPSA is a leading supplier of industrial grade UV excimer, DPSS, and Pico-second laser micromachining systems and materials processing services to customers worldwide. The Company's key applications include advanced automated systems for laser scribing and lift-off (LLO) of LEDs, thin film solar scribing, semiconductor, MEMs, research, biomedical, and industrial micromachining. JPSA's novel laser systems operate at wavelengths from 157nm to 1064nm, and are essential to a growing set of today's industrial micromachining applications. JPSA's experienced team of scientists and engineers work together in its applications lab to develop new techniques in laser-material interaction and high productivity laser systems and automation. JPSA is located in Manchester, New Hampshire.

For more information, visit: www.jpsalaser.com

Published in IPG Photonics

Liquidity Services, Inc. (NASDAQ: LQDT) announced it has completed the acquisition of GoIndustry DoveBid, a global provider of surplus asset management, auction and valuation services, for 73 pence per share and assumed indebtedness, or total transaction price of $31 million USD.

The acquisition of GoIndustry enhances Liquidity Services’ ability to deliver surplus asset management, valuation and disposition services to large enterprises across North America, Europe and Asia. Through offices in over 20 countries and its proprietary AssetZone® asset management platform, Liquidity Services and GoIndustry enable clients to strategically manage investment recovery activities across global locations consistently, transparently and in compliance with company, domestic and international rules and regulations.

In addition, the acquisition of GoIndustry further expands Liquidity Services leading online marketplace for surplus assets, adding over 458,000 professional buyers and more than 1,000 annual online sales events across a broad range of industrial capital assets.

“This strategic combination expands our seller base by adding over 50 Fortune 1000 clients across complementary vertical market segments, enables us to offer important new services and broader global coverage to our existing sellers, and grows the buyer base for our online marketplaces,” said Bill Angrick, Chairman and CEO of Liquidity Services. “Our combined offering will enable corporations to efficiently manage, value, redeploy and sell surplus and idle equipment around the globe with a uniformly high level of service and transparency. Our complementary strengths, unmatched buyer base and know-how clearly position Liquidity Services as the trusted provider of choice for Fortune 1000 corporations in the reverse supply chain.”

During calendar year 2011, GoIndustry recorded approximately $211 million of gross merchandise volume.

Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies and buying customers the world's most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $2.8 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has approximately 760 employees.

For more information, visit: www.go-dove.com or www.liquidityservicesinc.com

Published in GoIndustry DoveBid

Autodesk, Inc., (NASDAQ: ADSK) a world leader in 3D design, engineering and entertainment software, continued its strategic investment in product lifecycle management (PLM) and has announced it has acquired certain assets of Inforbix, LLC. Inforbix is a software company focused on cloud-based SaaS solutions aimed at increasing the value of product data, productivity, and improved decision making for manufacturing-based companies. Terms of the transaction were not disclosed. As a part of this acquisition, Autodesk also announced that it appointed Oleg Shilovitsky as Senior Director of PLM and Data Management. Shilovitsky is a co-founder of Inforbix, LLC.

“Oleg Shilovitsky is an established PLM thought leader who brings deep industry experience and a history of innovation to his new role at Autodesk,” said Buzz Kross, senior vice president, Design, Lifecycle and Simulation at Autodesk. “Since the launch of Autodesk PLM 360 last year, we have introduced thousands of new users to the power of cloud-based PLM. We are thrilled to welcome Oleg and under his leadership look forward to continued innovation and driving greater adoption of Autodesk PLM 360.”
 
Autodesk plans to incorporate Inforbix technology for indexing, search, personalization and data visualization into Autodesk PLM360, which will help to accelerate the vision for the Autodesk 360 cloud services.

Oleg Shilovitsky co-founded Inforbix in 2010 and served as CEO. He was Inforbix’s strategist, technologist, and ideologist and also an author of the PLM Think Tank and Beyond PLM blogs. Prior to Inforbix, Shilovitsky worked for Smart Solutions, SmarTeam, Enovia and Dassault Systems.

For more information, visit: www.autodesk.com

Published in Autodesk

PTC (Nasdaq: PMTC) announced it has signed a definitive agreement to acquire Servigistics, Inc., developer of an innovative suite of service lifecycle management (SLM) software solutions, for approximately $220 million in cash.  Pending regulatory approval and satisfaction of other customary conditions, the transaction is expected to be completed in September 2012.

The acquisition will greatly enhance PTC's existing portfolio of SLM solutions which, today, includes robust capabilities in the areas of warranty and contract management, service parts definition, and technical information - including mobile delivery.  Servigistics is recognized as a technology leader in complementary areas such as service parts planning, management and pricing, field service management, returns and repair management, and service knowledge management.  In combination, the solutions will dramatically accelerate PTC's ability to help discrete manufacturers transform their service strategies and operations into a true source of sustainable competitive edge - what PTC describes as "service advantage."

"Over the past few years, Servigistics has earned a reputation for innovation in helping companies maximize their global service businesses through increased profitability, cash flow, and customer loyalty," said PTC president and CEO Jim Heppelmann.  "Their customers are at the leading edge of a global trend to take service from a cost center to a profit center, and SLM technology has been a critical driver.  This acquisition should make clear just how serious PTC is about helping its customers achieve lasting service advantage."

For leading manufacturers, getting their service strategy right presents a multi-billion dollar, high-margin revenue opportunity to differentiate themselves in the market from their traditional product-oriented competitors.  As an enabling technology, SLM helps manufacturers and their service network partners optimize the customer experience by ensuring service is systemically planned, delivered, and analyzed to continually improve performance and maximize customer value.  Yet, few manufacturers have either a coordinated strategy or the integrated technology suite needed to capture this new market opportunity - with many manufacturers realizing as little as 25% of the total service value in their products' service lifecycle.

PTC has long been known for its world-class technology solutions that optimize the way companies create products.  With this acquisition PTC will significantly expand how it helps companies service those same products.  In fact, starting with the acquisition of Arbortext in 2005, PTC has been developing solutions that enable manufacturers to plan and analyze service based on how their products are designed and built.  This service-focused strategy has driven PTC to deliver specialized solutions that are the result of innovative technology development combined with capabilities gained through the acquisition of companies such as ITEDO, LBS and 4CS.  By adding Servigistics to this portfolio, PTC will be able to deliver a complete system for service - providing market-leading capabilities across all key components of the service lifecycle.

With Servigistics, PTC's SLM solutions will provide global manufacturers with a real-time, single view into the extended service environment to identify and respond to areas for improvement, opportunities for new business, and risks to avoid.  Only with a connected service network - supporting the owner/operator, distributor, dealer, service partner, field service force, repair depots, and warranty desk - can the OEM plan, deliver and analyze all necessary resources to ensure that service performance and overall value is meeting or exceeding their customers' expectations.  In addition, this acquisition further enhances PTC's ability to help customers gain competitive advantage throughout the entire product lifecycle - from conception and design to sourcing and service.

"At Servigistics, we share PTC's vision for helping to transform the way companies execute their service strategies," said Eric Hinkle, Servigistics president and CEO.  "We anticipate that our clients will reap great benefits from the synergies of this shared vision and are pleased to help PTC secure a strong technology and thought leadership position in SLM."

Over the past 12 months, privately-held Servigistics generated approximately $80 million in revenue.  In connection with this acquisition, PTC is increasing its previous preliminary FY'13 non-GAAP EPS target of $1.70 to $1.80 by a range of $0.02 to $0.05.  PTC expects to draw on its credit facility to finance this transaction.

For more information, visit: www.ptc.com or www.servigistics.com

Published in PTC

UL, a world leader in advancing safety, announced today the acquisition of Laramie, Wyoming-based IDES, the leading informational resource for plastic material.  Coinciding with the announcement, UL unveiled the next-generation version of IDES' popular Prospector online service which combines plastic materials data sheets and UL plastic identification reports within a single searchable interface.

IDES Prospector is the industry standard for plastic material specification, relied upon by 319,000 design engineers and processors to streamline polymers selection.  Specifiers for plastic materials can now visit IDES.com to find all crucial polymer data sheet and UL verified data in one place, featuring the easy-to-use search, comparison and navigation functionality that Prospector users expect.

Search queries and results now include data from UL's plastics recognition yellow cards, featuring materials attributes independently verified from small scale flammability and ignition, mechanical, electrical, and short term thermal tests.  More than 60,000 different plastic materials have yellow cards, which are trusted by product makers and specifiers for qualification.

"We're thrilled to add the talented IDES team and industry-leading information technology," said Sara Greenstein, senior vice president of UL.  "The Prospector tool gives UL a dynamic medium for converting our data into accessible intelligence that can inform and speed decisions throughout the plastics supply chain."

"For our people and our customers, this is an exciting combination that is bearing fruit already," said Mike Kmetz, managing director of IDES.  "Our Prospector upgrade as part of UL is a tremendous milestone - the first of many more to come."

While yellow cards can still be found at ULiQ, UL IDES Prospector will eventually become the exclusive resource for yellow card information.  ULiQ remains the destination for UL list searches in other product categories, including appliance wiring materials, printed wiring boards, switches, electrical insulation systems and restricted substances.

IDES is the world's leading informational resource for plastic material, based in Laramie, Wyoming.  IDES provides plastic materials information and data sheets in Prospector, an online searchable data sheet catalog of plastic materials properties, relied upon by more than 319,000 industry users worldwide.

For more information, visit: www.IDES.com

Published in UL

3D Systems Corporation (NYSE:DDD) announced today that has acquired Viztu Technologies, the developer of Hypr3D, an online platform that allows anyone to turn their pictures and videos into printable 3D creations.  The company expects to integrate Viztu into Cubify.com, adding intuitive and fun scan-to-print and create-to-print apps.  Viztu’s founders, Ash Martin and Tom Milnes, join the 3D Systems team, enhancing our content creation and capture, hardware and software developing.

“Viztu adds an important building block to our growing Cubify platform. Now everyone can begin to express themselves in 3D as easily as snapping a picture,” said Cathy Lewis, Vice President Global Marketing for 3D Systems. “We believe that this investment will accelerate the democratization of the entire 3D create and make experience for everyone.”

Two guys from MIT meet in a class. One speaks tech, the other speaks business, and Viztu is born. From being a semi-finalist in the 2010 MIT $100K Business Plan Competition to winning the 2012 SXSW Accelerator Award in the Innovative Web category, Viztu has turned into a computer vision powerhouse, freeing these amazing 3D tools from the lab and releasing them upon the world.
 
For more information, visit: www.viztu.com

Published in 3D Systems

Barnes Group Inc. (NYSE:B), an international aerospace and industrial manufacturing and service provider, today announced that it has entered into a definitive agreement to acquire privately held Synventive Molding Solutions, a leading designer and manufacturer of highly engineered and customized hot runner systems, components, and services, headquartered in Peabody, Massachusetts. Hot runner systems are the enabling technology for many complex injection molding applications and are standard in industries that require premium product aesthetics and performance.

Barnes Group has agreed to purchase all the capital stock of Synventive for $335 million in cash, subject to certain closing and post-closing adjustments, and is expected to finance the transaction with cash on hand and additional borrowings under an accordion feature of the Company’s existing credit agreement. The acquisition is anticipated to close in August 2012, subject to the receipt of regulatory approvals and the satisfaction of other closing conditions, including obtaining necessary third party agreements.

Synventive is one of the world’s largest hot runner systems manufacturers, serving a global customer base of more than 3,000 molders, mold makers and original equipment manufacturers across 50 countries. With estimated 2012 revenues of approximately $160 million, Synventive operates out of three manufacturing locations in the United States, Germany and China, with sales and service offices in 28 countries and 770 employees worldwide. Synventive will operate as a strategic business unit within Barnes Group’s Industrial Segment.

“We are very excited to add Synventive to Barnes Group and about the tremendous opportunities for growth we expect this acquisition to bring to us,” said Gregory Milzcik, President and CEO of Barnes Group Inc. “The global demand for more complex, highly technical injection molding solutions is anticipated to grow substantially in the future. We are eager to add Synventive’s innovative products and services to Barnes Group’s core manufacturing capabilities and to work with them to create a stronger, more dynamic presence in the global marketplace.”

Added Milzcik, “Barnes Group takes pride in providing rewarding opportunities for all employees to grow and develop their careers with the company. We are impressed with the expertise and commitment demonstrated at Synventive and are enthusiastic about having their employees join our team and contribute to our ongoing success. We welcome the opportunity to invest in this outstanding company and to continue providing customers with the superior products and services associated with the Barnes Group and Synventive names.”

Barnes Group will provide additional details about the Synventive business on its second quarter 2012 earnings call scheduled for July 27, 2012 at 8:30 a.m.

For more information, visit: www.BGInc.com or www.synventive.com

Published in Barnes Group

Autodesk Inc., (NASDAQ: ADSK) a world leader in 3D design, engineering and entertainment software, has signed a definitive agreement to acquire Socialcam for a purchase price of approximately $60 Million. Socialcam is a popular mobile social video capture, editing and sharing app and service that was launched in 2011. This transaction is expected to close in Autodesk’s third quarter of fiscal 2013 (which ends on October 31, 2012) and is subject to customary closing conditions.

“Mobile computing, the cloud and social media are improving and changing the way people design, engineer and create projects,” said Samir Hanna, vice president, Autodesk Consumer Group. “Video is an ideal medium for professionals and consumers alike to communicate and share their design ideas. We are excited to have Socialcam join our growing portfolio of applications, services and communities for digital art, personal design and fabrication, home design and entertainment.”

Socialcam is a smartphone application and web-based service that makes it easy to capture, edit and share videos. The Socialcam app has been one of the most popular mobile video apps in the iOS App Store and Android marketplace with over 16 million downloads since it was first launched in 2011. Autodesk will prioritize support for the existing Socialcam community, while investing in scaling the platform and developing a more comprehensive set of tools for Socialcam users. Autodesk also plans to use the Socialcam platform to help make its Academy Award-winning technology for professional film and video creators more accessible to a broader audience.

“Socialcam shares Autodesk’s mission of helping everybody imagine, design and create a better world,” said Michael Seibel, Founder and CEO, Socialcam. “Autodesk has a proven track record of acquiring and scaling fast-growing, early stage consumer businesses while staying true to their core audience and vision. With products like Pixlr, SketchBook and 123D, Autodesk is empowering creativity in millions around the world by making their award-winning technology accessible to everybody. We’re excited to join them and introduce this global community to simple video creation, editing and sharing.”

For more information, visit: www.socialcam.com or www.autodesk.com

Published in Autodesk

IHS Inc. (NYSE:IHS), the leading global source of information and analysis, has acquired Invention Machine for approximately $40 million. Invention Machine is a leader in semantic search technology that uncovers relevant insights held within a wealth of internal and external knowledge sources, transforming the underlying data into actionable intelligence. Their patented semantic question-answering software engine leads engineers and knowledge workers to information quickly and enables them to rapidly digest it to make better decisions.

As previously announced, IHS also has completed the closing of its acquisition of GlobalSpec Inc., from Warburg Pincus LLC for $135 million. GlobalSpec is the leading specialized vertical search, product information and global access point providing critical digital information tied to key Product Engineering and Design workflows for seven million engineers.

“The acquisitions of Invention Machine and GlobalSpec present a unique opportunity for IHS to transform our existing engineering specifications and standards business to long-term double-digit growth, and accelerate the IHS Product Design business by increasing the value we offer to engineers, researchers and scientists by connecting innovation to knowledge workers,” said Jerre Stead, IHS chairman and chief executive officer. “With Invention Machine’s Goldfire as the front-end, we will bring together all IHS content, insight and tools into an innovative solution that will address many of the unsolved problems facing engineers. This will enable greater productivity, accuracy and design quality, and help customers accelerate innovation and deliver superior products and services.”

Invention Machine’s Goldfire product is the decision engine built on top of a patented semantic search engine that connects engineers and innovation and knowledge workers, on-demand, to one another and to the internal and external knowledge and trends needed to develop, maintain and produce breakthrough products and services. Semantic search engines understand the meanings and relationships of words, and can provide more relevant results than traditional text-based search engines.

IHS President and Chief Operating Officer Scott Key said: “Invention Machine is an excellent strategic fit for IHS and is a critical component of the evolution and transformation of the Product Design business. Invention Machine provides a software tool that lays on top of IHS and GlobalSpec content, as well as a customer’s own internal and external content, to enable customers to rapidly digest information and make better decisions.

“The acquisitions will allow IHS to provide a revolutionary knowledge management solution that will seamlessly access IHS products, external content and a customer’s internal information. It gives us the opportunity to further expand within target customers by creating new products for quality, standards applicability and knowledge management.”

Headquartered in Boston, Invention Machine employs approximately 100 people and also has offices in: Minsk, Belarus; London; Frankfurt; Paris, and Tokyo.

For more information, visit: www.ihs.com or www.inventionmachine.com

Published in IHS

IHS Inc. (NYSE: IHS), the leading global source of information and analytics, announced today that it has signed a definitive agreement to acquire GlobalSpec, Inc., the leading specialized vertical search, product information and digital media company serving the engineering, manufacturing and related scientific and technical market segments, from Warburg Pincus LLC. The $135 million acquisition is subject to customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

“Acquisitions continue to be a key element in the strategic development of the IHS business and a driver of the company’s long-term growth. While the purchase price for GlobalSpec represents a strategic double-digit EBITDA multiple, it will enable a dramatic transformation of our product design portfolio representing approximately 15 percent of our revenue,” said IHS Chairman and Chief Executive Officer Jerre Stead. “GlobalSpec, combined with our global scale and industry expertise, will create an even greater destination for trusted product information and technical insight for GlobalSpec’s global community of more than seven million engineers. We will market our solutions to a large segment of engineers around the world who currently do not use IHS services.”

Founded in 1996, GlobalSpec provides its registered users with a domain-specific search engine for more than 3,500 current product, service and technology vertical categories, a vibrant community of engineers helping other engineers solve important problems, and more than 70 product and industry e-newsletters that help engineers and related professionals perform their key job tasks with the highest levels of accuracy and productivity.

“The acquisition of GlobalSpec is a significant development that presents a unique opportunity for IHS to transform our existing engineering specifications and standards business to long-term double-digit growth,” added IHS President and Chief Operating Officer Scott Key. “We will leverage IHS global scale in sales and market presence to create large strategic synergies and revenues as we elevate our Product Design business to accretive growth rates and margins."

Due to the vibrant community of engineers and manufacturing knowledge workers that GlobalSpec has developed, it has become a key destination for engineers as well as suppliers of products and services that support a worldwide engineering audience. The company has a global user base of more than seven million registered users – a user community that grew by 500,000 new registrants during 2011. GlobalSpec is headquartered in East Greenbush, N.Y. and employs approximately 230 people.

Added Stead: “With the acquisition of GlobalSpec, IHS will transform engineering workflows and decision making with seamless integration of information, insight and productivity tools. This market-leading workflow solution set will provide unique value to customers and drive long-term, double-digit growth at accretive margins."

The acquisition will also be discussed on the previously announced IHS second quarter 2012 earnings conference call on June 18, 2012.

For more information, visit: www.globalspec.com or www.ihs.com

Published in GlobalSpec

Autodesk, Inc. (NASDAQ: ADSK), a leader in 3D design, engineering and entertainment software, announced the acquisition of Vela Systems, a provider of cloud and mobile field management software for the construction industry. The addition of Vela Systems field management products to Autodesk’s growing portfolio of cloud and mobile products is helping to extend the value of Building Information Modeling (BIM) and project data to construction customers in the field. Terms of the transaction were not disclosed.

“BIM has tremendous value in the planning and design aspects of construction projects, but if you can’t get that rich data into the field, at the point of construction, you are leaving out the critical ‘last 100 yards’ in the process. Integrating Vela Systems and its cloud and mobile products with the Autodesk BIM portfolio transforms the business of construction, delivering valuable information to job sites anywhere in the world,” said Amar Hanspal, Senior Vice President, Information Modeling and Platform Products Group.

Based in Burlington, Massachusetts, Vela Systems extends the power of BIM with cloud and mobile technologies that enable project and company-wide programs for streamlined management of quality, safety, commissioning and field construction. The powerful reporting tools provide immediate visibility into issues in the field, allowing for proactive management and resolution, rather than time consuming and expensive overruns caused by a reactive approach. Vela Systems software and services are integrated with current Autodesk integrated project management software including Autodesk Navisworks, the architecture, engineering and construction (AEC) industry’s standard comprehensive set of integration, analysis, and communication tools for project review.

“Vela Systems has been a longstanding partner of Autodesk, and has been leading the charge in the field. The confluence of cloud computing, iOS mobile devices like the iPad and BIM has enabled a new way to deliver and manage construction projects of all types. With the acquisition, we will accelerate this revolution in field management through a broader solution and greatly enhanced distribution,” said Josh Kanner, co-founder, of Vela Systems.

Combined with the Autodesk BIM portfolio, the Vela Systems software has already helped contractors, owners, architects and engineers accelerate project schedules, reduce project risk, and improve the flow of information, including key data and project photos, between project stakeholders. Autodesk users can now reduce reliance on manual processes to track progress, document work activities and resolve issues. With the Vela Systems integration, users can also visualize the as-designed building in the field to improve quality and fidelity to design intent; streamline reviews; save money with more efficient workflows by linking physical tasks to a virtual model; and capture critical data on materials, systems, and equipment.

For more information, visit: www.velasystems.com or www.autodesk.com

Published in Autodesk

EDAC Technologies Corporation (NASDAQ: EDAC), a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications, announced today that it has acquired EBTEC Corporation, a provider of advanced precision manufacturing processes and fabrication solutions to leading aerospace, power generation, industrial, semiconductor and medical customers.  Privately-owned EBTEC, which is headquartered in Agawam, Mass., had sales of $12.6 million in 2011.

The purchase price was approximately $11 million, of which $1.65 million has been paid in EDAC stock, with the balance funded by financing through TD Bank N.A.

EBTEC Corporation, which was founded in 1963, pioneered the development of non-contact, high energy beam (HB) technologies with the Apollo Space Program, proving at the time that EB welding could meet the demands that space travel would place on engineered products.  Today, in addition to electron beam welding, EBTEC's precision high energy beam processes include laser welding, laser cutting, laser drilling, EDM, vacuum heat treating, and abrasive waterjet cutting, while they also offer comprehensive precision fabrication solutions.  EBTEC has an extensive array of equipment, coupled with substantial engineering, metallurgy, quality assurance, program management, and in-house finishing capabilities. EBTEC is a certified supplier to major aerospace and industrial OEMs.

Dominick A. Pagano, President and Chief Executive Officer of EDAC Technologies, commented, "This acquisition represents an important step forward in our growth strategy. EBTEC gives us highly complementary and advanced capabilities that are required for the manufacture of our precision parts, many of which we formerly outsourced to EBTEC.  EBTEC also fabricates finished components, which immediately expands our product line with additional parts for aircraft engines and ground-based turbines, markets we currently serve.  In addition, EBTEC makes components and products used by manufacturers of semiconductors and medical devices, which opens up new markets to EDAC.  This acquisition also efficiently expands our manufacturing footprint as EBTEC's two facilities in Massachusetts are close to our own operations.

"We are acquiring a very well run and profitable company.  We have the highest regard for the EBTEC team and welcome each of them to EDAC.  In addition to their engineering capabilities and design know-how, they share with the team at EDAC a deep and proven commitment to innovation and exacting execution, making both companies an ideal fit with each other."

EDAC Technologies Corporation is a diversified manufacturing company serving the aerospace and industrial markets.  In the aerospace sector, EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines.  Industrial applications include high-precision fixtures, gauges, dies and molds, as well as the design, manufacture and repair of precision spindles, which are an integral part of machine tools found in virtually every manufacturing environment. EDAC's core competencies include extensive in-house design and engineering capabilities, and facilities equipped with the latest enabling machine tools and manufacturing technologies.

For more information, visit: www.edactechnologies.com or www.ebteccorp.com

Published in EDAC Technologies

ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation, and Esterel Technologies S.A. ("Esterel") a leading provider of embedded software simulation solutions for mission critical applications, announced today that they signed a definitive agreement whereby ANSYS will acquire Esterel Technologies for a cash purchase price of approximately euro 42 million (or approximately US$53 million), subject to certain working capital adjustments at close. The agreement also includes retention provisions for key members of management and employees. Headquartered in Elancourt, France, Esterel has about 80 employees and reported revenues of approximately euro 15 million for fiscal year 2011. The transaction, currently anticipated to close in the third calendar quarter of 2012, is subject to customary closing conditions and regulatory approvals.

The Esterel SCADE solution enables software and systems engineers to design, simulate and produce embedded software, the control code built into the electronics in aircraft, rail transportation, automotive, energy systems, medical devices and other industrial products that have central processing units. Modern products are increasingly complex systems of hardware, software and electronics. For example, today's complex aircraft, rail and automotive products often have tens of millions of lines of embedded software code, from flight controls and cockpit displays, to engine controls and driver assistance systems. Esterel is often chosen when the embedded software is critical for safety and compliance reasons. Esterel provides software and systems engineers a solution to accurately model and simulate the behavior of the embedded software code to gain insight earlier in the design process and trace it to its requirements. Esterel solutions also reduce engineering time and cost by automatically generating certified and dependable embedded software code from these high fidelity models. Esterel certified code generators are currently compliant with more than 10 certification standards including aerospace, defense, rail transportation, automotive, industrial systems and nuclear plants.

The acquisition of Esterel complements ANSYS® software solutions by extending the ANSYS Simulation Driven Product Development™ vision to encompass both hardware and software systems.  A combined solution will enable customers to gain greater insight into the behavior of the embedded software as it interacts with the hardware (sometimes called the physical plant) including electrical, mechanical and fluidic sub-systems. The complementary combination is expected to accelerate development and delivery of new and innovative products to the marketplace while lowering design and engineering costs for customers and enhancing product safety. The combination of these two industry leading companies reaffirms ANSYS' commitment to deliver cutting edge, customer-driven solutions.

"We are very excited about the model-based embedded code simulation and production solutions Esterel adds to ANSYS, as well as the quality of its 230 global top-tier customers," said Jim Cashman, president and CEO of ANSYS. "Today's products are getting smarter. They have more electronics and software and this requires a systems engineering approach to product development. The combination of these two great companies will uniquely enable customers to comprehensively simulate complete systems and predict with confidence that their products will thrive in the real world. Further, we believe that the combination will foster innovation by gaining engineering insight across disciplines that have historically been silos."

"Both companies have a strong commitment to their customers and employees while sharing a passion for innovation and cutting edge technology," said Eric Bantegnie, co-founder, CEO and president of Esterel. "The complementary nature of software and hardware simulation provides key technological strengths that enhance our ability to deliver comprehensive, high-fidelity, world-class system simulation technologies that customers demand.  We believe Esterel customers will leverage the integration of our embedded software development products into a complete model-based systems engineering solution. This unique combination will reduce costly reliance on physical testing and streamline system engineering processes, while also improving the speed and success of our customers' product development efforts. Together we will meet the stringent requirements of upcoming certification standards, such as ISO 26262 in Automotive or DO-178C in Aerospace."

The two companies are developing integration plans that leverage and build on the cultural similarities and the best practices from each organization.

For more information, visit: www.ansys.com or www.esterel-technologies.com

Published in ANSYS

3D Systems Corporation (NYSE:DDD) announced today that it has acquired Bespoke Innovations™, Inc. (“Bespoke”), a startup based in San Francisco, California, that is bringing a more personal approach to the way a broad spectrum of medical devices are developed and used. Bespoke develops proprietary, integrated scan, design and print technology that is designed to deliver custom fit prosthetics, orthotics and orthopedic devices that improve treatment and lifestyle outcomes.

Although the company expects to make additional R&D investments before it can commercialize new Bespoke products, it affirms its previously announced guidance of $330 million to $360 million in revenue and $1.00 to $1.25 Non-GAAP EPS.  The company does not expect this acquisition to be material to its revenue for the remainder of 2012.   

3D Systems plans to integrate Bespoke into its growing healthcare solutions services and leverage its integrated scan, design and print technology to develop and commercialize a full range of innovative, ventilated and lightweight custom fit prosthetics, orthotics and orthopedics.

"This is an exciting and timely development that fuses together essential Bespoke and 3D Systems technologies to deliver an expanded range of life enhancing, cost effective treatments for the benefit of patients and providers alike, within existing insurance reimbursement codes,” said Scott Summit, co-founder of Bespoke Innovations™.

“Bespoke products can deliver extraordinary individualization and style to an underserved audience through its extraordinary designs and proprietary scan-to-print technology,” said Abe Reichental President & CEO, 3D Systems. “We plan to fast-track additional Bespoke products to market and to enhance their affordability and availability through our technology and manufacturing infrastructure.”

For more information, visit: www.bespokeinnovations.com

Published in 3D Systems

Xten Industries, Kenosha, announced today that its subsidiary has acquired the assets of Paramount Plastics, LLC, Lockport, IL, an $18 million full service plastic injection molding company with special expertise in large-tonnage molding using engineered grade resins.  Paramount is an ISO/TS 16949:2002 certified company.

“We are very excited about the addition of Paramount, which greatly increases Xten’s production capabilities and substantially expands our customer base,” said Matthew Davidson, Xten CEO and Co-founder.

Founded in 1990, Paramount Plastics grew rapidly, establishing a solid reputation as a reliable large tonnage automotive supplier.  Within Paramount’s 122,000 square foot facility are 24 presses ranging from 60-2,000 tons, with shot capacities from 5 grams to 26 lbs.  A variety of robotic automation supports the production of parts sold into the industrial, consumer durable, health and fitness, automotive and packaging markets.

“In addition to the larger equipment, we’ve gained the operational expertise of Paramount’s people,” said Bill Renick, Xten’s president and operations leader.  “Out of the due diligence process, we came to realize how much they have contributed to Paramount’s success and feel fortunate to have them now within the Xten family.”

“One of the qualities both Xten and Paramount share is our dedication to providing exceptional service,” said Davidson.  “Given this common focus, we’re certain Paramount’s current customers will notice no decline in our ongoing support.”

Levin Ginsburg Attorneys at Law served as legal counsel to Xten Industries. Stevenson & Company advised Paramount Plastics and Chuhak & Tecson Attorneys at Law served as Paramount’s legal counsel.

For more information, visit: www.xtenindustries.com or www.paramountplastics.net

Published in Xten Industries

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired Wayne Trail Technologies, Inc., a privately held Ohio-based manufacturer of automated systems and tooling, serving a wide range of applications in the metal processing market.

"The addition of Wayne Trail Technologies strengthens our already strong position as a market leader in welding automation in North America," said John M. Stropki, Chairman and Chief Executive Officer. "Wayne Trail brings extensive design and system building experience, and we are particularly excited about the company's proven capabilities and continued commercial success in the area of laser welding systems."

"We look forward to expanding our ability to serve customers in the U.S. and international markets as part of Lincoln's broad portfolio of welding and automated solutions for its global customer base," said David M. Knapke, President and CEO of Wayne Trail Technologies.

Wayne Trail Technologies, Inc., with headquarters and manufacturing operations in Ft. Loramie, Ohio, has annual sales of approximately $50 million and employs 162 people.

Terms were not disclosed.

Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45 manufacturing locations, including operations and joint ventures in 20 countries and a worldwide network of distributors and sales offices covering more than 160 countries.

For more information, visit: www.lincolnelectric.com

Published in Lincoln Electric

3D Systems Corporation (NYSE:DDD) announced today that it has acquired FreshFiber BV, a leading 3D printed consumer goods brand, based in Amsterdam, The Netherlands.

3D Systems plans to integrate FreshFiber into its growing consumer business and leverage the FreshFiber brand and leadership position to expand its reach into individualized and personalized electronics accessories.

"This is an exciting development that will allow us to bring an expanded range of accessories and services to our customers," said Christian Dijkhof of FreshFiber.

FreshFiber is the leading 3D printed consumer electronics accessories brand sold on-line and in retail stores today.  Over the past two years, FreshFiber grew its product offering and presence globally through high-end retail stores like Apple, FNAC and Gravis.

“FreshFiber delivers extraordinary personalization and style through a wide range of co-creation APPS and choices that empower consumers to customize their accessories, including its flagship iPhone® cases,” said Cathy Lewis, Vice President Global Marketing for 3D Systems. “We plan to enhance FreshFiber’s portfolio through our technology and manufacturing infrastructure as well as our growing Cubify.com platform.”

FreshFiber is a European design label focused on bringing art and fashion to electronics devices like smartphones, tablets, and other gadgets we use on a daily basis.

The production method is totally new to the accessories industry: designs are carefully fused into a shape by a laser, one layer at a time. This “3D Printing” allows for complete freedom of form and affordable personalization.  It enables anyone to fully express their ideas and personality.

For more information, visit: www.freshfiber.com or www.3dsystems.com

Published in 3D Systems

Renishaw, a world leading engineering technologies company, has purchased the business of R&R Sales LLC, a US-based supplier of fixtures for the global measurement and inspection market.

The acquisition of family-owned R&R, which has 19 employees and is based in Grand Haven, Michigan, will support Renishaw's increasing focus on metrology system sales to end-users such as its new Equator gauge which requires fixturing products.

For over 20 years R&R has supplied the global measurement market with both modular and custom fixtures for CMM and vision systems. The R&R Fixture is widely used to hold parts for dimensional inspection in almost every manufacturing field; from automotive, aerospace and electronics to medical and household appliances.

John Ray, President of R&R, says, “We all look forward to this new opportunity and being a part of the Renishaw Group. We sincerely believe that its extensive worldwide network of offices will help promote our high quality fixturing on more of an international basis and we also hope to incorporate Renishaw's manufacturing processes within our plant to further improve our operational efficiencies.

R&R has had a long relationship with Renishaw Inc in the US and we now look forward to growing new relationships with all the Renishaw offices worldwide.”

Speaking about the acquisition, Renishaw's Chairman and Chief Executive, Sir David McMurtry, says, “We are very pleased to announce our acquisition of R&R Sales. We have known the company and its products for many years, and it has a very strong presence in the USA where it supplies fixturing to many high quality businesses.

With our new measurement products, such as the Equator gauge, and our existing global customer base for measurement products, we believe that we can significantly expand the market for the R&R fixtures.”

For more information, visit: www.renishaw.com

Published in Renishaw

Trimble (NASDAQ: TRMB) announced that it has entered into a definitive agreement to acquire SketchUp®, one of the most popular 3D modeling tools in the world, from Google (NASDAQ: GOOG). The transaction is expected to close in the second quarter of 2012, subject to customary closing conditions and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. While financial terms are not being disclosed the transaction is not expected to be material to 2012 earnings per share.

SketchUp is currently used by millions of users annually—ranging from architects to engineering and construction firms to building and design professionals—for designing, modeling and visualizing projects. The SketchUp product and its vision of "3D modeling for everyone" has allowed modelers worldwide, across a wide range of industries, to express design concepts easily, accurately and efficiently. Additionally, SketchUp users benefit from its extensive third-party developer community that provides industry-specific solutions for a variety of customers.

As part of the SketchUp platform, Trimble will also partner with Google on running and further developing SketchUp's 3D Warehouse, an online repository where users can find, share, store and collaborate on 3D models. The site enables users to create collections of models, including 3D Buildings, and share them with fellow modelers around the world. Individual models can be loaded, saved and viewed in 3D from within SketchUp or a web browser. For the foreseeable future, Google will host and operate the 3D Warehouse for Trimble and together the companies will continue to offer the same capabilities, functions and services that are offered today. The ability for users to submit 3D Buildings for potential acceptance and viewing in Google Earth will be maintained. Currently the 3D Warehouse has almost two million user-generated models.

"SketchUp and the corresponding 3D Warehouse provide an important element of our long term strategy by enhancing the integration of our field presence with the wider enterprise," said Bryn Fosburgh, Trimble vice president. "Trimble has already created the de-facto standard for field data models and project management tools for our key markets. SketchUp, together with these existing capabilities, will provide a stand-alone and enterprise solution that will enable an integrated and seamless workflow to reduce rework and improve productivity for the customer. Users will be able to collect data, design, model, and collaborate on one platform. The combined capability will enhance our ability to extend our existing market applications including the cadastral, heavy civil, and building and construction industries. In addition, the SketchUp platform will enable Trimble, third-party developers and our distribution partners to efficiently develop new applications."

"Since its inception, the SketchUp team has been committed to providing a robust, user-centric solution to its community and we look forward to engaging their talent and expertise. Beyond extending the reach of the product into Trimble's commercial markets, we are committed to continuing to provide SketchUp as a free version to millions of users. Trimble and Google will also continue to collaborate on utilizing other Google tools for Trimble's markets that, along with SketchUp, will provide our customers innovative and productive tools that transform their work," concluded Fosburgh.

"In Trimble, we found a partner that will grow SketchUp in a way that best supports the SketchUp team and our users," said Brian McClendon, Google's vice president of engineering. "While at Google, the SketchUp community grew significantly because the team put users first, and we are confident they will continue to do so at Trimble. We at Google look forward to a continued partnership with Trimble and the SketchUp team."

As a part of Google, SketchUp's charter was to empower a worldwide community of users to create 3D models for whatever their imagination could envision. Examples range from household furniture to famous stadiums and other buildings. These users come from a variety of backgrounds, with a large part of SketchUp's user community coming from a professional architectural or engineering and construction background. As a part of Trimble, SketchUp will continue to support all of its current users through its Web site at: sketchup.google.com. Concurrently, the SketchUp engine will be integrated into Trimble's current solutions in its Engineering and Construction, Field Solutions and Mobile Solutions segments.

For more information, visit: ww2.trimble.com/3d

Published in Trimble

Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announced its intent to acquire geological modeling and simulation company Gemcom Software International (Gemcom) for approximately US$360 million. Privately-held Gemcom is the world leader in mining industry software solutions, headquartered in Vancouver.

“With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the Natural Resources industry and beyond,” said Bernard Charlès, President and CEO, Dassault Systèmes. “To support this ambitious goal, we have created a new brand, GEOVIA. Raw material provisioning and long term resource availability is a major concern for society. Today’s announcement is a significant step towards fulfilling our purpose of providing 3D experiences for imagining sustainable innovations to harmonize products, nature and life.”

Today’s mining industry, the primary user of Gemcom’s software, is growing quickly.  There are more than 5,500 operating mines worldwide and approximately 15,000 mining projects. The associated mining software market is experiencing strong growth, with third-party analysts estimating a double digit trend for the foreseeable future.

”This acquisition will clearly benefit Gemcom’s customer base, bringing global support and enterprise collaboration.  Advanced technologies in 3D modeling and simulation will not only enable engineers and geologists to model and visualize resources but also improve sustainable mine productivity,” said Rick Moignard, President and CEO, Gemcom. “We believe that with Dassault Systèmes’ support we will be able to address global issues for our customers as a real partner. None of our competitors can match that in this industry.” Rick Moignard will become the CEO of the newly created GEOVIA brand, after completion of the Gemcom acquisition.

After the closing of the transaction, Gemcom’s 360 employees and management will remain in place and continue serving the mining industry. By leading the new GEOVIA organization, Gemcom’s management will champion the further development of Dassault Systèmes’ strategy of modeling the natural world. In addition, Gemcom’s current offices will further extend the overall geographic reach of Dassault Systèmes in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia, and Russia.

Dassault Systèmes and Gemcom have entered into a definitive acquisition agreement whereby Dassault Systèmes will acquire Gemcom in an all cash transaction. The completion of the acquisition is subject to normal closing conditions, including regulatory approvals. The transaction is expected to be completed in July 2012, and Gemcom to be accretive to Dassault Systèmes non-IFRS earnings and neutral to its non-IFRS operating margin.

When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle, and InSite, and to industry thought leaders who are pushing the boundaries of what’s possible in mining.  Established in 1985, Gemcom is privately held and owned by JMI Equity Fund VI, L.P., the Carlyle Group, Pala Investments Holdings Limited and has a global reach delivering comprehensive solutions in all major mining centres in more than 130 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of mining software solutions.

For more information, visit: www.gemcomsoftware.com or www.3ds.com

Published in Dassault Systèmes

3D Systems Corporation  (NYSE: DDD) announced today that it has acquired Paramount Industries, one of the world's most experienced direct manufacturing and product development solutions providers for aerospace and medical device applications; from complete design-to-manufacturing services to the production of certified end-use parts and products.

3D Systems plans to integrate Paramount’s state-of-the-art manufacturing facilities and advanced tooling and assembly operations with its growing on-demand direct manufacturing services. Paramount Industries maintains AS9100C and ISO 9001:2008 certifications along with an ITAR registration.

“We are honored to become part of 3D Systems, the recognized global 3D content-to-print leader,” said Jim Williams, President and Chief Executive Officer of Paramount Industries. “We expanded our reach into the growing aerospace and medical device industries with 3D Systems’ SLS® production printers. Together, we can deliver the full impact of direct manufacturing capabilities to our aerospace and medical device customers all over the world.”

“We are very pleased to add a proven direct manufacturing innovator of Paramount’s reputation, experience and scale to our rapidly growing, global network of on-demand parts services,” said Abe Reichental, President and Chief Executive Officer of 3D Systems. “With Jim Williams’ continued leadership, we are extremely well positioned to expand our aerospace and healthcare manufacturing activities and build the required infrastructure to support these significant customers.”

Paramount Industries is among the world's most experienced manufacturers and providers of product development services, including product design and engineering, rapid prototyping, rapid tooling and direct manufacturing that produces custom parts direct from digital input.

Originally founded in 1966, Paramount has expanded its scope to apply advanced technology in all aspects of product development. Today, Paramount offers a comprehensive array of services. In addition to rapid prototyping and rapid tooling, Paramount sets the pace in direct manufacturing of precision parts from 3D CAD digital input, utilizing advanced Selective Laser Sintering technology. Paramount's services also include injection molding, full-scale manufacturing from domestic and offshore facilities as well as assembly and packaging.

For more information, visit: www.paramountind.com or www.3dsystems.com

Published in 3D Systems

Geomagic®, the leading provider of 3D software for capturing, creating and inspecting digital models of physical objects, today completed an acquisition of Sensable Technology Inc.’s ® 3D design and haptics businesses. Sensable®, of Wilmington, Mass., is a leading developer of volumetric CAD/CAM solutions, and the inventor of Phantom® force-feedback haptic devices that simulate the physical sensation of touch in the virtual world.

This acquisition expands Geomagic’s vision to advance and apply 3D technology for the benefit of humanity.  “Geomagic specializes in capturing digital data from the real world and real people. Now we can add the sensation of touch as well; Sight and feel are two major human sensibilities that enhance the design experience.” Said Ping Fu, CEO of Geomagic.  “For Geomagic customers, Sensable solutions are a natural extension for modeling and enhancing the scan data from Geomagic; for Sensable customers, starting with a scanned model rather than blank screen makes it far easier and faster to start a design, requires less time to sculpt the 3D model, and the finished designs can be exchanged into CAD surfaces using the Geomagic family of software. The synergies will be a tremendous value to existing and new customers.”

“Geomagic is the best home for Sensable technologies and employees. Innovative companies need scale to grow, I am happy that the combined company under the Geomagic umbrella will have that scale.” says Marcus Lovell Smith, the former CEO of the company.

Sensable has a range of voxel-based 3D design software including the FreeForm® and ClayTools® solutions. The combination of voxel-based software and haptic input creates an intuitive, tactile and precise user experience for sculpting “virtual clay.”  Some of the Sensable 3D design solutions also include powerful tools for preparing digital models for manufacturing (particularly for mold and casting production methods) including draft analysis and complex parting line creation.

Geomagic software creates digital models from physical parts to be used in design and engineering workflows, archiving and the visual arts. Inspection tools from Geomagic lead the market in accurate, automated measurement and quality control of manufactured parts. The products from the combined companies encompass much broader design-to-manufacture workflows with added freedom to allow product designers, engineers and innovators to design in very natural and intuitive ways.

The customer-base of the combined company includes almost every major worldwide manufacturer resulting in a strong installed base of users, many of whom already use both Geomagic and Sensable solutions. Medical research customers and OEMs are also a significant segment of the Sensable haptics customer base.

Geomagic will continue to support Phantom haptic input devices, further develop Freeform design and manufacturing solutions, and the developer’s API for haptics research.  Geomagic will retain Sensable’s operations and employees in the Boston area giving the company a strategic Northeast location where we plan to hire additional employees. “Customers and partners of Sensable can continue to expect the same high quality service, support and product development they have always received, which will now be infused with the innovation and investment in R&D for which Geomagic is renowned,” says Tom Kurke, President and COO of Geomagic.

In addition to the product portfolio, Geomagic is also acquiring the majority of Sensable’s considerable patent portfolio, which extends across haptic device designs and applications and voxel-based modeling.  Sensable’s dental products are not included in this acquisition.

For more information about the acquisition, visit: www.geomagic.com/download_file/view/2022/5836/

Published in Geomagic

3D Systems Corporation (NYSE: DDD) announced today that it has acquired My Robot Nation, MRN, a leading consumer technology platform that provides intuitive, game-like content creation for 3D printing. The company expects to integrate the MRN platform and experience into Cubify.com, enhancing Cubify with hundreds of new fun and easy 3D creation and printing applications, together with its growing developer community.

My Robot Nation’s founders, renowned games industry veterans Mark Danks and Sarah W. Stocker, join the 3D Systems team, enhancing Cubify with engaging play spaces, social features, and intuitive user interfaces resulting in a visually stunning creative process with limitless opportunities for unique expression.

“Everyone is creative, and everyone can create – we all just need a fun and easy way to get started. Bringing the MRN creation platform to Cubify does just that,” said Sarah W. Stocker, co-founder of My Robot Nation. “YouTube®, Facebook and Twitter show us how creative everyone can be digitally – now Cubify gives people an amazing new way to bring that creativity into reality.”

The acquisition of MRN underscores 3D Systems’ Cubify commitment to democratize 3D content-to-print access for kids and adults alike, unleashing creativity and allowing individuals to express themselves easily in 3D. My Robot Nation brings to Cubify proven video game principles to provide a simple, fun and amazingly flexible creative experience. Within minutes, anyone can quickly and easily create their own, unique collectible from billions of possible combinations then make it real with 3D printing.

“We are thrilled to bring MRN to Cubify and enable everyone to create and manipulate 3D objects right in their browser in real-time – something that was previously only possible in PC applications or consoles games. We’re using that power and flexibility to empower everyone to turn their virtual creations into real creations through the disruptive magic of 3D printing,” said Mark Danks, co-founder of My Robot Nation.

“We are very excited to add a disruptive capability like My Robot Nation to our Cubify platform enabling millions of new users, including kids from the ages of 8 to 80, to instantly and intuitively create and make in 3D,” said Abe Reichental, President and Chief Executive Officer of 3D Systems. “We believe that this investment will accelerate the gamification and democratization of the entire Cubify experience, and at the same time, facilitate our expansion into 3D hosting, publishing and the production of licensed content for other global consumer brands.”

My Robot Nation delivers engaging play spaces and intuitive user interfaces to create something completely new – the ability to visualize something on the Web and then hold it in your hands. The 3D creative process is visually stunning, and opportunities for unique expression are virtually limitless.

Previous projects by My Robot Nation team members include developing core technology for Electronic Arts®, launching the SingStar™ franchise for Sony® in the US, playing a key part in developing the PlayStation3® SDK as well as a PS3 version of the Unreal® Engine for Epic® Games and developing new IP for major games publishers such as Disney® and Activision®.

Best known for creating innovative original software (including the #1 ranked iPad® Photography app “Artify” and custom performance software for acclaimed international musician Björk), the company has taken a cognitive and creative leap to a new level – where technical innovation and creativity meet 3D printing to create…My Robot Nation!

For more information, visit: www.myrobotnation.com

Published in 3D Systems

Dr. David L. Schutt , CEO, SAE International, announces that, through a stock purchase, it has acquired ABP International, dba Tech Briefs Media Group, which is now a subsidiary of SAE International.

With primary offices in New York and New Jersey, Tech Briefs Media Group employs 35 people and publishes a variety of design engineering magazines and supplements in both print and digital formats, including their well-known flagship publication, NASA Tech Briefs. Their various publications, supplements and websites focus on R&D, design and manufacturing topics spanning many technologies, including: motion control, lighting, medical, defense, RF & microwave, embedded computing, photonics and imaging, among others. The magazines have over 400,000 readers monthly and, with digital products, total audience reach is about 600,000 worldwide. Tech Briefs Media Group generates approximately $9.5 million in revenue each year.

“We are pleased to welcome Tech Briefs Media Group and all its employees into SAE International’s global business family,” said Thomas J. Drozda, Director of Program and Product Development, SAE International. “This exciting business partnership is a major step forward in achieving SAE’s long-term mission and strategic vision in service to the global design community.  The addition of Tech Briefs Media Group strengthens SAE’s service in the global aerospace, automotive and commercial vehicle sectors and expands SAE’s reach into certain new but related engineering design spaces.”

Tech Briefs Media Group’s President & Publisher, Joseph Pramberger, sees an opportunity for accelerated growth and product development. “By working together (with SAE International), we can expand faster.  Together, we can combine the best of both organizations to achieve accelerated growth through many new products and services for the R&D and design functions worldwide – like new publications, conferences, training courses and a lot more.”

SAE International is a global association of more than 134,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries. SAE International's core competencies are life-long learning and voluntary consensus standards development. SAE International's charitable arm is the SAE Foundation, which supports many programs for students, including A World In Motion® and the Collegiate Design Series.

The sale became effective April 1, and was facilitated with the assistance of Whitestone Communications, Inc., based in New York City.

For more information, visit: www.sae.org or www.techbriefs.com

Published in SAE International

Netvibes, the leading dashboard intelligence platform, announced that it has been fully acquired by Dassault Systèmes (DS) (Paris:DSY) (Euronext Paris: #13065, DSY.PA), a world leader in 3D and Product Lifecycle Management (PLM) solutions.

“With the birth of the real-time Web, companies need to adapt to everything and everyone inside and outside their borders. To accomplish this, we need a way to connect and combine different products and uses, internal and external data sources, personal and professional apps, and human curation and algorithms—across all devices and departments, in real-time and in context,” said Bernard Charlès, President and CEO, Dassault Systèmes. “Netvibes' Dashboard Intelligence technology makes this possible.”

Netvibes helps Fortune 500 brands, agencies and enterprises understand the real-time Web and everything inside and outside the organization with Dashboard Intelligence: dashboard technologies that connect everything together for better decision-making. Netvibes’ award-winning dashboard publishing platform and Universal Web App (UWA) technology enable Social Enterprises to integrate all internal Enterprise platforms, databases and systems together with external cloud apps, social feeds and live sentiment from across the real-time Web, and deploy it seamlessly across all desktop and mobile platforms with native-like UI.

This move brings Netvibes’ Dashboard Intelligence technology to Dassault Systèmes 3DExperience platform, empowering Social Enterprises and users at all levels to:

  • Listen to everything: Aggregate enterprise data (structured and unstructured, processes and platforms) with the real-time, social Web (news, social feeds and apps)
  • Learn from everyone: Analyze all layers inside and outside the Enterprise, by combining individual and social intelligence with algorithms and data intelligence for smarter results
  • Act in real-time: Adapt to make better, faster decisions with intelligent alerts that respond to internal data or public sentiment and trigger automated business actions


Dassault Systèmes enables companies to experience the world, from parts to products (e.g. planes, medical devices, buildings), from individual workers to supply chain and distribution (e.g. stores), from designing to experiencing usage scenarios. Netvibes specializes in understanding the Web in new ways, to reveal customer sentiment, brand identity and emerging influencers. Together, Netvibes contributes to Dassault Systèmes’ vision to Experience Everything in the world and on the Web.

“This partnership was born out of our mutual vision to bring Dashboard Intelligence to the entire world and all platforms and processes. To achieve this ambitious vision, we need an ambitious partner like Dassault Systèmes, whose deep authority as global technology leader will rapidly accelerate our efforts across the Enterprise world,” said Freddy Mini, CEO, Netvibes. “Imagine understanding how syncing product design and global brand sentiment would enable the ultimate end user experience. This vision will become our reality.”

Netvibes customers and users will benefit from the global resources, deep technology and algorithms Dassault Systèmes is known for around the world. Netvibes’ website, products and team will continue to provide the same award-winning dashboard experience the Netvibes brand is known for by millions of users and hundreds of agencies, brands and enterprises around the globe.

“If you like Netvibes, you will love the new Netvibes. Our brand, business, website and team will stay. What will change is that all our products will innovate even faster thanks to our deep relationship with Dassault Systèmes,” said Mini.

“With the acquisition of Netvibes, a Web 2.0 leader, Dassault Systèmes will provide the most advanced cloud offer for enterprise,” said Tariq Krim, Founder, Netvibes, Founder and CEO, Jolicloud.

To learn more about Netvibes Dashboard Intelligence products and get a private demo, visit: enterprise.netvibes.com

Published in Dassault Systèmes

3D Systems Corporation (NYSE:DDD) announced today the appointment of Advanced Design Concepts, ADC, a leader in full service engineering design services, as an authorized reseller. With a qualified team of experienced sales professionals and support engineers, ADC offers its users immediate access to 3D Systems' entire lineup of high resolution, high speed, full color personal and professional 3D printers.

"We are delighted to add an experienced and proven services and sales channel partner of the caliber of ADC to our growing network of 3D content-to-print solutions resellers," said Michele Marchesan, Vice President of Sales, Personal and Professional Printers, for 3D Systems. "The ADC team is uniquely qualified and well positioned to deliver our 3D printers products to their growing customer base."

"We are very pleased to represent 3D Systems' comprehensive design-to-manufacturing solutions," stated Jim Marschalek, Vice President of ADC. "Their 3D content-to-print products and services, coupled with our innovative design solutions will provide our customers with a broad-range of rapid prototyping and manufacturing capabilities."

Advanced Design Concepts, Inc. (ADC) has been dedicated to developing close relationships with companies seeking improved paths of product design and manufacturing since it was founded in 1993. Today, ADC has grown into a full-service engineering design firm with a team of degreed mechanical engineers and experienced CNC/CGI programmers operating in state-of-the-art facilities.

For more information, visit: www.adcinc1.com

Published in 3D Systems
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