SyBridge Technologies acquires Advantage Engineering
SyBridge Technologies, a global industrial technology company based in Southfield, Michigan, USA, has acquired Advantage Engineering Inc., a provider of rapid prototyping and Additive Manufacturing solutions headquartered in Windsor, Ontario, Canada. This transaction is expected to advance SyBridge’s Technology & Services business unit by expanding its suite of end-to-end industrial technology solutions for customers.
The acquisition of Advantage will enable SyBridge to offer state of the art online quoting for digital rapid prototyping and Additive Manufacturing. This online quoting process will be a part of SyBridge IoT Cloud – the company’s digital platform.
“Advantage has been a leader in rapid prototyping throughout North America for twenty-seven years,” stated Andy Aiton, president of the SyBridge Technology & Services business unit. “This acquisition will allow SyBridge to better engage with customers during the product development phase. By utilising a wide range of in-house capabilities and digital technologies, we can now generate an online quote within minutes and prototype parts in days. With the addition of bridge tooling capabilities, we can now effectively ‘bridge’ the gap between low and high production volumes for our customers. These additional capabilities will position SyBridge as the supplier of choice for the rapidly growing electric vehicle market in addition to the life sciences, consumer and other high-growth industries.”
Tony Nardone, CEO of SyBridge, commented, “Advantage helps to add a critical piece of the puzzle in SyBridge’s development into a comprehensive industrial technology solutions partner to our customers. As a single point of contact with e-commerce and IoT services, we can reduce lead-times and improve quality to best meet our customers’ product development, low volume production, tooling, and service & repair needs.”
Crestview Partners, a private equity firm based in New York, established SyBridge Technologies in 2019 and committed $200 million of equity to create a market-leading manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities. Advantage is SyBridge’s sixth acquisition in the last twelve months.
