Protolabs Reaches Agreement to Acquire 3D Hubs, Creates the World's Broadest Digital Manufacturing Offer for Custom Parts
-Significantly expands customer offering with network of premium manufacturing partners -Transformational acquisition enhances customer value proposition enabling Protolabs to more holistically serve customers -Total consideration of $280 million to be funded with cash on hand and equity at close, and up to an additional $50 million of contingent consideration -Acquisition of 3D Hubs expected to accelerate Protolabs' revenue growth rate and be slightly dilutive to non-GAAP earnings per share in 2021 -Transaction expected to close by the end of January, subject to customary closing conditions
Reimagined Supply Chains Emerge From Global Crisis as Enterprises Focus on Data Insights to Mitigate Risk
-Orange survey highlights opportunities to future-proof supply chains -Success will depend on real-time data insights, agility and digitalization
Allied Machine and Engineering announces the release of the Wohlhaupter VolCut insert holder, an expansion to their boring line. The rough boring system is engineered to remove large volumes of material at high speeds and light feed rates in just one cut.
The Modena-based CRP Meccanica, company leader in the field of High-Precision CNC Machining, has become the exclusive distributor for Italy of VELO3D Metal printers. Engineer Franco Cevolini, CTO and President at CRP Meccanica: " We will work alongside the customer by offering them sales and after-sales support, service and maintenance, and support during the production phase
Questions need to be asked that delve into motion control vendors' capabilities and their values. Only by so doing will manufacturers avoid the wasted time and expense as they strive for greater and greater precision.
Desktop Metal to Acquire EnvisionTEC, Entering Market for Volume Production Polymer Additive Manufacturing
EnvisionTEC's Category-leading Product and IP Portfolios Expand Desktop Metal's Reach to Photopolymer 3D Printing, Digital Biofabrication, and Digital Casting Markets, Offering Go-to-Market Synergies Via Robust, Vertically-Focused Dental and Jewelry Channels
The opening of ABCorp's new Additive Manufacturing Center (AMC) at the site compliments the prior offering of secure and highly bespoke contract manufacturing for the access, authentication, and payments sectors. ABCorp is excited to partner with HP and introduces both prototyping and enterprise-scale production to the region via HP's industry-leading Multi Jet Fusion technology.
The partnership adds two types of products to the Hawk Ridge Systems additive line: chemical vapor smoothing and depowdering machines. The AMT PostPro chemical vapor smoothing process smooths a variety of thermoplastic polymers and the depowdering technology allows high volume cleaning of 3D printed parts.
Oqton Inc. raises over $40M Series A - Set to disrupt Manufacturing as a one-stop, Industry 4.0 and AI driven production platform
• Former Silicon Valley giant Autodesk's top execs have started revolutionary Industry 4.0 company • Built as a 'cloud end-to-end production platform', Oqton's platform represents the next level of manufacturing software • Latest round of funding, led by Fortino Capital, PMV and Sandvik, will be used to expand its software platform and to further build global strategic partnerships
High-tech engineering group Sandvik has acquired a minority stake in the privately owned American company Oqton, a leading provider of AI-powered manufacturing solutions that allow manufacturers to manage, optimize and automate their manufacturing workflows.
One platform to enable data connectivity, analytics, and applications for industry
New Inject/Eject Mechanism From Southco Simplifies Installation and Operation With Tool Free Operation
Southco has introduced a new addition to its successful P7 Inject/Eject Series.
By Brian McCaffrey, Production MES Operations Manager, Rockwell Automation
EXAIR's patented Intellistat® Ion Air Gun is a handheld and lightweight solution to static elimination in clean processes or sensitive assembly work such as scientific and electronic test facilities, laboratories, and clean rooms. The Intellistat was designed to consume minimal compressed air while simultaneously delivering precise blow-off, and exceptional static decay rates capable of reducing 1000 volts to less than 100 in less than a second at up to 24" away.
Acquisition dramatically enlarges rocket printing footprint
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Design & Development - Featured Product
Cutler has authored more than 8000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals including most of the leading monthly trade publications.