Protolabs Completes Acquisition of 3D Hubs
25 Janeiro 2021 - 11:00AM
Business Wire
Proto Labs, Inc. (NYSE: PRLB), a global technology-enabled
digital manufacturing leader, today announced that it has completed
its acquisition of 3D Hubs, Inc. (“3D Hubs”), a leading online
manufacturing platform that provides customers with on-demand
access to a global network of approximately 240 premium
manufacturing partners. The completion of this transaction creates
the world’s most comprehensive digital manufacturing offer for
custom parts.
3D Hubs brings two great benefits to Protolabs’ customers: a
complementary network of manufacturing partners to fulfill a
breadth of capabilities outside of its current envelope, and a
broader selection of pricing and lead time options. Protolabs’ and
3D Hubs’ customer offerings are very complementary, and this
expansion of services and capabilities reinforces Protolabs’
commitment to delight its customers and become the go-to supplier
in the global custom contract manufacturing market.
Protolabs acquired 3D Hubs for aggregate closing consideration
of $280 million, consisting of $130 million in cash and $150
million in Protolabs stock. Contingent consideration of up to $50
million is payable based on the achievement of financial
performance targets in 2021 and 2022. 3D Hubs generated
approximately $25 million of revenue in 2020. As previously
indicated on January 19, 2021, the acquisition is expected to be
accretive to Protolabs’ growth rate and slightly dilutive to
non-GAAP earnings per share in 2021.
About 3D Hubs
3D Hubs is an online manufacturing platform that provides
engineers with on-demand access to a global network of premium
manufacturing services. Users can easily upload their design,
instantly receive a quote, and start production at the click of a
button. Founded in Amsterdam in 2013, 3D Hubs has produced more
than 6 million parts using various manufacturing technologies,
including CNC machining, 3D printing, injection molding, and sheet
metal fabrication. The company raised over $30M in funding from
Balderton Capital, EQT Ventures, Endeit Capital, Hearst Ventures,
DOEN Participaties, Future Shape, and Rockstart. Visit 3dhubs.com
for more information.
About Protolabs
Protolabs is the world’s leading source for digital
manufacturing services. The technology-enabled company produces
custom components in as fast as 1 day with automated 3D printing,
CNC machining, sheet metal fabrication, and injection molding
processes. Its digital approach to manufacturing enables
accelerated time to market, reduces manufacturing costs, and
enables supply chain agility throughout the product life cycle.
Visit protolabs.com for more information.
Forward-Looking Statements
Statements contained in this press release regarding matters
that are not historical or current facts are “forward-looking
statements” within the meaning of The Private Securities Litigation
Reform Act of 1995. These statements involve known and unknown
risks, uncertainties and other factors which may cause the results
of Protolabs to be materially different than those expressed or
implied in such statements. Certain of these risk factors and
others are described in the “Risk Factors” section within reports
filed with the SEC. Other unknown or unpredictable factors also
could have material adverse effects on Protolabs’ future results.
The forward-looking statements included in this press release are
made only as of the date hereof. Protolabs cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Protolabs expressly disclaims
any intent or obligation to update any forward-looking statements
to reflect subsequent events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20210125005225/en/
Investor Relations Contact Protolabs Dan Schumacher,
763-479-7240 Director of Investor Relations
daniel.schumacher@protolabs.com
Media Contact Protolabs Will Martin, 763-479-7719 Sr.
Marketing Communications Manager will.martin@protolabs.com
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