Protolabs Acquires 3D Hubs
Protolabs, the world’s leading digital manufacturing company, has announced the acquisition of 3D Hubs. This partnership will provide customers with on-demand access to a network of premium manufacturing partners. The combined offering will offer the most comprehensive digital manufacturing platform for custom parts.
Protolabs will pay approximately $280 million to acquire 3D Hubs. The acquisition includes $130 million in cash and $150 million in Protolabs stock. It also includes $50 million in contingent consideration that is contingent upon the achievement of financial performance targets over the next two years. The 3D Hubs platform is a one-stop shop for custom manufacturing that enables customers to get their custom-designed product manufactured without having to leave their office.
The 3D Hubs platform has been used by manufacturers for over six million custom parts. In the past two years, the company has grown at a CAGR of over 200 percent and added two new offices in Paris.
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With the acquisition of 3D Hubs, Protolabs will now offer customers a more complete digital manufacturing solution. The combination will allow customers to choose the manufacturing process they prefer, which means more flexibility in terms of price and lead time. The acquisition will also increase Protolabs’ customer base and geographical reach, and expand the company’s part envelope to meet customers’ needs.
3D Hubs is an online manufacturing platform that provides on-demand access to manufacturing partners in over 20 countries. Users can upload their design, receive an instant quote, and start the production process online. The company has grown rapidly, facilitating the production of over six million custom parts. It has raised more than $30 million in funding.
Custom Protolabs 3D Hubs 330mwauterstech.eu are a great way to create custom parts and products quickly. They enable engineers to upload designs and instantly receive a quote for the product. By utilizing CNC machining, sheet metal fabrication and injection molding processes, Protolabs can produce custom parts and products in as little as one day. The custom protolabs service helps companies reduce manufacturing costs and improve supply chain agility.
With the 3D Hubs acquisition, Protolabs will expand their customer base by offering a wide variety of manufacturing partners, competitive pricing, and a wider range of lead times. This acquisition will help Protolabs accelerate its strategy of growth and achieve $1 billion in revenue faster. The company will continue to expand its customer base and geographically. It will also widen its part envelope, enabling it to serve customers in more industries. With this new network, Protolabs will be able to produce larger parts and increase their inspection reporting.
Custom Protolabs 3D Hubs 330mwauterstech.eu are a unique manufacturing platform that connects designers and engineers with an extensive network of manufacturers. Users can upload their design and receive an instant quote before starting production. As the world’s largest provider of online manufacturing services, Protolabs can produce custom components in as little as one day. They utilize automated 3D printing, CNC machining, sheet metal fabrication, and injection molding processes to reduce manufacturing costs and improve supply chain agility.
Protolabs acquired 3D Hubs in an effort to provide its customers with access to more premium manufacturing partners. The acquisition creates the “world’s most comprehensive digital manufacturing offering,” combining both companies’ on-demand manufacturing platforms. The combined company will provide manufacturers with more customized parts, faster turnarounds, and better pricing options.
The new acquisition of 3D Hubs by Protolabs expands its capabilities in custom manufacturing and offers customers a wider choice of pricing and lead times. The move will also speed up the company’s growth strategy and allow it to reach $1 billion in revenue sooner. The acquisition will also expand Protolabs’ geographical footprint and customer base. In addition, the company will be able to deliver larger parts and facilitate secondary operations, such as inspection reporting.
The deal also allows customers to take advantage of a global network of manufacturing partners. Users can upload their designs and receive quotes instantly, then begin production online through premium manufacturing partners in over 20 countries. The company’s quality assessment process emphasizes on evaluating manufacturing partners to ensure the quality of the parts they produce. It also conducts upfront audits and on-going evaluations to ensure the accuracy and reliability of partner operations.
Protolabs, a global technology-enabled digital manufacturing company, recently completed the acquisition of 3D Hubs. The two companies will now offer their customers on-demand access to a global network of premium manufacturing partners. The combined offering will create the industry’s most comprehensive digital manufacturing offering for custom parts.
Protolabs offers a wide variety of manufacturing services. These include CNC machining, 3D printing, sheet metal fabrication, and injection molding. The company specializes in high-quality, low-volume custom manufacturing. Lead times can be as short as a day. It has facilities in Maple Plain, Minnesota, Raleigh, NC, and Nashua, NH. Other facilities are located in Japan, Germany, and England.
The company acquired 3D Hubs for $280 million in closing consideration. The consideration included $130 million in cash and $150 million in Protolabs stock. In addition, it acquired a $50 million contingent consideration that will be paid if 3D Hubs achieves financial targets in 2021 and 2022. In 2020, the company expects to generate $25 million in revenue from 3D Hubs, which is 200% higher than the previous year’s performance.
The acquisition of 3D Hubs by Protolabs further expands Protolabs’ network of manufacturing partners and capabilities, offering customers a wider range of pricing and lead time options. The move also accelerates Protolabs’ growth strategy, enabling it to reach $1 billion in revenue faster. It will also increase its geographical coverage and reach new customers. In addition, it will broaden its part envelope, allowing it to deliver larger and more complex parts. Moreover, the combined capabilities of Protolabs and 3D Hubs will make it easier for customers to use secondary operations and inspection reporting.
The 3D Hubs platform connects users with manufacturing partners worldwide. They can upload their design to get an instant quote. Once the quote is approved, they can proceed to online production through a network of premium manufacturing partners in over 20 countries. The company has generated over $30 million in funding and has produced more than six million custom parts for customers.
With the acquisition of 3D Hubs, Protolabs is now one of the largest 3D printing services in the world, bringing its customers a broader portfolio of manufacturing capabilities, lead times, and pricing. This move will accelerate Protolabs’ growth strategy and speed up its journey to $1 billion in revenue. The company plans to expand its geographical footprint and customer base to meet growing demand. It also plans to broaden its part envelope, which will allow it to service even more industries. Additionally, it will improve its inspection reporting and secondary operations.
The deal was a major milestone for both companies, with the acquisition valued at nearly $280 million. Of this, $130 million was paid in cash and $150 million was paid in Protolabs stock. The remaining $50 million represents contingent consideration based on the company’s performance targets over the next two years. In addition, the deal included an employee incentive fund for 3D Hubs employees, which will be based on financial performance and employee retention targets.
Protolabs is the world’s leading provider of online manufacturing services, helping companies create custom components and parts quickly and cost-effectively. Their platform provides on-demand design feedback and instant pricing. The company uses a network of premium manufacturing partners in over 20 countries. Their partnerships offer vast manufacturing capacity, broad product capabilities, and competitive pricing.
Protolabs recently announced the acquisition of 3D Hubs for $280 million. The consideration included $130 million in cash and $150 million in stock. The deal also included $50 million in contingent consideration, payable upon the achievement of certain financial performance targets in 2021 and 2022. Protolabs is committed to quality, and they have implemented quality assurance systems and continuous audits to ensure that partners produce high-quality parts.