CRDM 3D Systems
3D Systems (NYSE:DDD) announced yesterday (August 20th) that it has struck a deal to acquire leading UK rapid prototyping and rapid tooling services provider CRDM.
The US-based 3D printing giant - which revealed it was taking over TeamPlatform at the beginning of the month - intends to integrate Bucks-based CRDM into its global Quickparts Solutions custom parts and manufacturing services immediately. The terms of the transaction have not been disclosed.
CRDM designs, prototypes and manufactures parts and tooling for a variety of automotive, aerospace, medical device and motorsports applications, including F1. The company has accumulated almost two decades of experience and a loyal customer base and CRDM will serve to extend 3D Systems' offerings and its footprint in the UK, further positioning the company at the center of the rapidly growing, direct manufacturing opportunity.
"CRDM is a strategic and geographically important addition to our rapidly growing 3D content-to-print services portfolio," said Ziad Abou, Vice-President and General Manager, Quickparts Solutions, 3D Systems. "With a proven track record in advanced manufacturing and rapid tooling, CRDM complements and expands our extensive range of custom parts services."
At close of play on Wall Street last night, 3D Systems shares rose by 1.27 per cent on the New York Stock Exchange to $47.41 per unit.
