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3D Systems has announced that it is acquiring Rapid Product Development Group (RPDG), the latest in a long-line of profit-boosting deals for the 3D printing giant.
The company - which enjoyed a strong rally in the stock markets yesterday on impressive first-quarter data - stated that it plans to integrate RPDG's top-of-the-range capabilities into its growing Quickparts services straight away.
In connection with the acquisition of RPDG, 3D Systems (NYSE:DDD) raised its 2013 annual revenue and non-GAAP earnings per share guidance to revenue in the range of $460 million (£295.23 million, €347.79 million) to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share.
Chief Executive Officer and Founder of RPDG Tony Moran said: "We are honored to become part of 3D Systems, the recognised global 3D content-to-print leader.
"Together, we can deliver the full impact of 3D printing and traditional manufacturing capabilities to our global customers."
Vice-President and General Manager of Quickparts Services for 3D Systems Ziad Abou was also keen to state how happy he and his colleagues are with the acquisition.
"We are very pleased to add a proven service provider and innovator of RPDG's reputation, experience and scale to our rapidly growing, global network of on-demand parts services," he said.
"With Tony and his team on board, we are extremely well positioned to expand our services to support our growing customer demand."
RPDG is a global provider of additive and traditional quick-turn manufacturing services. The company was founded in 2003 by a team of industry veterans and is joining the 3D Systems family along with fellow acquired firms such as Geomagic, Z Corp and Vidar.
