Protolabs to acquire 3D Hubs in $320M deal

January 20, 2021

Protolabs offers a range of digital manufacturing services, including metal AM (Courtesy Proto Labs Inc)

Proto Labs, Inc., (Protolabs) a global provider of digital manufacturing services headquartered in Maple Plain, Minnesota, USA, has entered into an agreement to acquire 3D Hubs, Inc., an online platform that provides engineers with on-demand access to a global network of approximately 240 premium manufacturing partners.

Under the terms of the agreement, closing consideration of $280 million will be funded with $130 million in cash and $150 million in Protolabs common stock. An additional $50 million of contingent consideration is payable subject to performance-based targets over two years after close, funded with 50% cash and 50% Protolabs common stock. Protolabs has also established an employee incentive fund payable to 3D Hubs employees based on achievement of both financial performance and employee retention targets.

“The acquisition of 3D Hubs is part of the continued evolution of Protolabs as the digital manufacturing leader, serving more and more of our customer’s needs,” stated Vicki Holt, Protolabs’ Chief Executive Officer. “Protolabs’ leading in-house, technology-enabled manufacturing services combined with 3D Hubs’ global network of premium manufacturing partners will yield the greatest value to our customers for years to come.”

The transaction is reported to create the world’s most comprehensive digital manufacturing offering for custom parts, providing Protolabs with a network of manufacturing partners to fulfil a breadth of capabilities outside of its current envelope, as well as a broader offering of pricing and lead time options.

“The addition of 3D Hubs provides Protolabs a platform to evolve our service model to provide unprecedented manufacturing flexibility to our customers,” commented Rob Bodor, Protolabs’ current VP and GM of the Americas and incoming president and Chief Executive Officer. “Our combined organisations will provide the market with an industry-leading digital manufacturing solution to serve their needs from idea to prototype to full end-use part production. Together we can fulfil nearly every custom manufacturing need across the product lifecycle.”

Founded in 2013, 3D Hubs has facilitated the production of over 6 million custom parts and products through its digital platform. 3D Hubs provides customers with instant pricing and design feedback, with orders fulfilled through thoroughly vetted premium manufacturing partners in over twenty countries worldwide, offering vast manufacturing capacity and a broad range of manufacturing capabilities at a variety of competitive pricing levels.

“3D Hubs’ company culture lives and breathes engineering and fast-paced innovation; our team is very excited to partner with Protolabs to build the best on-demand manufacturing solution imaginable,” stated Brian Garret, 3D Hubs’ Co-Founder and Chief Product Officer.

“The entire 3D Hubs team is thrilled to join Protolabs and continue to revolutionise the manufacturing industry through innovation. At 3D Hubs, our goal is to empower companies to create revolutionary products through supply chain efficiency and reliability,” added Bram de Zwart, co-founder and Chief Executive Officer at 3D Hubs. “We are confident that partnering with Protolabs will help us advance that mission.”

www.3dhubs.com

www.protolabs.com

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 204-page issue includes articles and reports on:

  • Mauro Antolotti and BEAMIT: The story of Italy’s leading AM parts producer and its founder’s view on the industry
  • Why do we need Women in 3D Printing? The what, the who, and the why of the blog that became a movement
  • The need for speed, and how the right powder can reduce AM part production costs by 50%
  • Metal Additive Manufacturing:
    Why standards lay the foundation for continued industry growth
  • The advantages of Additive Manufacturing for the processing of platinum group metals
  • Obstacles to the adoption of metal AM by small- and medium-sized enterprises
  • Additive Manufacturing of aluminium parts by Directed Energy Deposition: Possibilities and challenges
  • Euro PM2020 technical review: Advances in process control for metal Binder Jetting (BJT)
  • > More information

Latest news

    E-newsletter

    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter

    Copy link
    Powered by Social Snap