SyBridge Technologies to acquire majority of Fast Radius’ assets

December 13, 2022

Fast Radius provides a cloud manufacturing and artificial intelligence platform (Courtesy Fast Radius)
Fast Radius provides a cloud manufacturing and artificial intelligence platform (Courtesy Fast Radius)

Following the news that Fast Radius recently filed for relief under Chapter 11 of the United States Bankruptcy Code, it has been announced that SyBridge Digital Solutions LLC, a wholly owned affiliate of SyBridge Technologies, based in Southfield, Michigan, USA, will acquire most of the operating assets of the company, and intends to make offers of employment to a majority of current Fast Radius employees.

Under SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business, and will go to market under the Fast Radius brand name. The transaction is expected to close before the end of 2022 and represents Sybridge’s fourteenth acquisition since inception in 2019.

“I am thrilled to be bringing Fast Radius into the SyBridge family,” stated Byron J Paul, CEO of SyBridge Technologies. ”Combining Fast Radius’ leading cloud manufacturing and artificial intelligence platform with our global design, prototyping and manufacturing network materially accelerates our vision of being a leading global industrial technology company. We will be able to support our customers throughout their product lifecycle – from product design, engineering and prototyping through tool production, supportive moulding, and finally preventative maintenance and repair. We look forward to bringing the Fast Radius team onboard, and together, becoming the preferred design and manufacturing partner to our global customers.”

Patrick McCusker, currently president & Interim CFO of Fast Radius, added, “We are very pleased to see Fast Radius become a part of SyBridge Technologies. Our parts and software capabilities align incredibly well with SyBridge’s global manufacturing footprint and prototyping capabilities.”

New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 to create a value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

www.crestview.com

www.sybridgetech.com

www.fastradius.com

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • The GRCop story: The development, production and Additive Manufacturing of NASA’s rocket engine alloys
  • Formnext 2023: Innovations in metal Additive Manufacturing from the industry’s leading international exhibition
  • Cybersecurity in Additive Manufacturing: Securing the industry’s future
  • Additive Manufacturing in the jewellery industry: exploring the potential of platinum and titanium
  • Mission possible: The five-year plan to gain FAA and EASA acceptance of in-process monitoring

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

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 as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap