3D Systems, Rock Hill, South Carolina, has signed an agreement to sell its On Demand Manufacturing business to private equity firm Trilantic North America, for a purchase price of $82 million. Under new ownership, the company will rebrand as Quickparts, and will retain On Demand Manufacturing’s experts and facilities in Lawrenceburg, Tennessee, and Seattle, Washington, USA; Le Mans, France; Pinerolo, Italy; and High Wycombe, UK.
“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,” stated Dr Jeffrey Graves, 3D Systems’ president and CEO. “Our sole reason for divestiture is to enable our entire focus and investment priorities to be on Additive Manufacturing (AM), where we play a unique leadership role in enabling industrial-scale AM adoption across a range of exciting end markets.”
“We will continue to collaborate with the Quickparts business as it relates to Additive Manufacturing and are confident that, with the focus this brings to both organisations, the future will be bright for all stakeholders. With a very strong balance sheet and cash position, proceeds from the sale will be used to further accelerate our investments for growth in our core Additive Manufacturing capabilities, for which we are seeing rapidly rising demand in new, extraordinary applications ranging from the human body to electric vehicles and space travel.”
3D Systems previously announced its investment in a 4,645 m2 expansion of its facility in Littleton, Colorado, USA, to expand its healthcare and industrial application development and advanced production capabilities. Through this infrastructure investment, the company will add expertise and the most advanced metal Additive Manufacturing technologies to address new industrial applications such as those for aerospace, automotive, semiconductor, and energy.
The enhancements to the Littleton site will complement the work being done at 3D Systems’ other application development and advanced manufacturing sites in Rock Hill, South Carolina, USA; Moerfelden, Germany; Budel, the Netherlands; and Leuven, Belgium. The company recently added metal AM technology to its site in Leuven in support of the work its application development and advanced manufacturing teams do for the semiconductor capital equipment, aerospace, defence, and automotive industries. Additionally, 3D Systems plans to add both metals and plastics technologies to its Rock Hill, South Carolina location, including the recently announced Roadrunner™ High Speed Fusion AM machine.
3D Systems expects completion of the On Demand Manufacturing transaction to occur in the third quarter of 2021.