3D Systems (NYSE: DDD) announced today that it has acquired CRDM, Ltd., a leading UK provider of rapid prototyping and rapid tooling services based in Bucks, England. The company intends to immediately integrate CRDM into its global Quickparts Solutions custom parts and manufacturing services. The terms of the transaction were not disclosed.
CRDM, Ltd. designs, prototypes and manufactures parts and tooling for a variety of automotive, aerospace, medical device and motorsports applications, including F1. With almost two decades of experience and a loyal customer base, CRDM extends 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."
CRDM provides prototyping and tooling services for automotive, aerospace, medical, and motorsports companies using 3D printers. Deal terms are undisclosed. (PR)
3D Systems (DDD) says CRDM's services will be added to its Quickparts Solutions custom parts/manufacturing services business.
3D has been willing to buy companies early and often, and a recent stock offering gave the company additional funds to go shopping with.
The company has been looking to expand its European presence. A deal to acquire French 3D printer maker Phenix Systems was announced in June