3D Systems to Acquire Robotec, Expand Additive Manufacturing Services,3D Systems to Acquire Robotec, Expand Additive Manufacturing Services

According to a company press release, 3DS will acquire 70% of Robotec's shares. Additional details about the transaction have not been disclosed. This agreement gives 3DS the strongest possible platform for its expansion plans in Latin America, according to the company.

Robotec has 20 years of AM service bureau experience, specializing in rapid prototyping and custom manufacturing services for its clients. Within the region, it has established long-term relationships with customers such as Embraer, Siemens, Volkswagen and Mercedes.

"This is the right time for us to add a company of Robtec's reputation, experience, growth record and scale in Latin America," said Avi Reichental, president and CEO of 3DS. "With key operations in Brazil, Argentina, Chile, Uruguay and Mexico, proven service bureau operations and leading printing and scanning distribution activities, Robtec represents the cornerstone of our Latin American expansion plans."

For more information, visit 3D Systems.