3D Systems continues to give with one hand and take away with the other
Since it announced a restructuration to cope with Covid-19 consequences, 3D Systems has sold Cimatron CAD/CAM business for $65 million and has added Bioprinting and Simulation Firms Allevi and Additive Works to its portfolio of companies.
Today, the company is breaking away from its on-demand manufacturing business and custom manufacturing business. Trilantic North America, a private equity firm, has signed an agreement to acquire these businesses from 3D Systems. The acquisition is subject to customary closing conditions and certain closing adjustments.
“We are continuing to aggressively execute our four-phase plan for the core 3D Systems business that we announced a year ago, to position the company for exciting growth and profitability as the market for industrial-scale additive manufacturing continues to expand,” said Dr. Jeffrey Graves, CEO of 3D Systems. “The On-Demand Manufacturing business, with its focus on the rapid production of components using a multitude of digital manufacturing methods, is a solid business that has a very bright future under the stewardship of Trilantic North America.”
Trilantic North America will rebrand the business as QuickParts and appoints Ziad Abou as CEO. It should be noted that discussions regarding the acquisition have been held with the support of several industry executives, and Abou who acted as Senior Vice President and General Manager of 3D Systems’ On-Demand Manufacturing business for nearly a decade.
“I am grateful to Trilantic North America for their continued confidence in me and am very much looking forward to working alongside this incredible team, continuing our great work together. There is a bright future ahead for QuickParts, and I am honored and excited to get on with the work at hand,” said Mr. Abou.
Through an installed base of approximately 200 in-house 3D printers and a network of manufacturing partners worldwide, QuickParts offers rapid prototyping, functional prototyping, low-volume manufacturing and appearance model manufacturing services. “The Company” serves the growing demand for advanced, rapid turnaround manufacturing capabilities and additive manufactured services in a number of key industries including aerospace, automotive, consumer, entertainment and industrial products. The Company is aided by a large team of over 250 manufacturing and support professionals across five manufacturing sites located in Seattle, Washington; Lawrenceburg, Tennessee; Pinerolo, Italy; Le Mans, France; and High Wycombe, England.
“We are pleased 3D Systems has chosen Trilantic North America to guide its on-demand 3D printing and custom manufacturing business through its next growth chapter. We are also incredibly excited to partner with Ziad and the QuickParts team to achieve their strategic objectives and to drive continued expansion and increased customer success,” said Charles Fleischmann, Partner at Trilantic North America. “The investment in QuickParts underscores Trilantic North America’s commitment and belief that Industry 4.0 can bring increased sustainability, decreased production time and costs, and enhanced business digitalization throughout the supply chain.”
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