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

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF
 

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

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

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

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

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

Share via
Copy link
Powered by Social Snap