3D Systems Corporation (NYSE:DDD) today announced that it has entered into a definitive agreement to acquire Palladium Plastics, a leading developer and manufacturer of rigid, high-pressure, mechanical and advanced thermoplastic (FTP) extrusion extruders (extruders) and a range of other advanced metal processing machines for the materials and assembly markets. The Palladium acquisition is expected to close later this month and is the largest acquisition of a laser extrusion technology company in more than 20 years.
3D Systems will integrate Palladium and its highly effective suite of products into the 3D Systems materials science laboratory. As a result, 3D Systems will have a suite of advanced systems, systems control software and production tools for molding, die casting, forging, casting, robotic tools, shaper tools, tape removal and heat treating applications in all of the materials used in today’s additive manufacturing markets.
Jeffrey Sprague, Senior Vice President and General Manager, Global Technology Solution Management, 3D Systems, said, “The acquisition of Palladium is the right move for 3D Systems and our customers. Palladium has a deep expertise in rapid prototyping with processes that produce a wide range of products for many applications including metal, plastic, ceramic, rubber and glass. These capabilities are key for customers who want to meet rapid product design/development and rapid manufacturing deadlines, and is complemented by our range of materials science research, development and engineering materials.”
The combination of Palladium and 3D Systems will enable customers to achieve speed, quality and lower cost in their additive manufacturing processes and production of key parts such as parts, components, parts systems and assemblies, plastics-based casting and casting tooling, mechanical work tools, water-based extrusion for food/fasteners, automotive components, non-woven weaving and fiber and wax composites. Customers will also benefit from 3D Systems’ global manufacturing and sourcing capabilities in order to produce components for military and aerospace customers and other global manufacturers.
Palladium products and systems can be found in commercial and consumer application around the world, from precision machining, to industrial prototyping, to industrial castings, to high-purity molding and aluminum casting, to thermoplastic components. The range of Palladium systems includes, but is not limited to, a growing selection of proprietary, sub-mold machines to support a broad range of applications and thermal management, lightweight shaping, many-component services, geometry optimization, thermal reduction and function and performance optimization services. With the sale of Palladium’s dry cleaning system business, additional Palladium technologies and systems will be released for use by customers.
All Palladium assets that 3D Systems will be acquiring are expected to be integrated into its Color Management System (CMS) and provide an opportunity to provide a broader range of functional and support CAD functional IP to 3D Systems as well as several complementary assets and technology, including Palladium’s high-performance 3D–printing software specifically designed for the metal 3D–printing industry.
About 3D Systems
3D Systems (NYSE:DDD) is a global leader in 3D printing and printing-based technologies. The company develops, manufactures and markets 3D printers, parts and production systems for professionals and consumers. Its patented approach to additive manufacturing combines computer-aided design (CAD) and 3D modeling with the ability to manufacture functional parts using unique 3D printing technologies. Customers use 3D Systems’ portfolio of proven solutions to create prototypes and production parts for design and manufacturing processes, ranging from jewelry design and manufacturing, to aerospace and automotive parts.
3D Systems also provides CAD modeling and visualization solutions, including stereolithography, selective laser sintering, fused filament fabrication and direct metal printing systems and materials. These solutions are used for developing prototypes and production parts for industries including aerospace, automotive, design and manufacturing, electronics and consumer goods. These solutions are installed at more than 14,000 customer sites around the world, including over 2,000 3D printer sites. The company has annualized revenue of $450 million and has more than 9,200 employees, including approximately 5,000 scientists, engineers and designers. Headquartered in North Andover, Massachusetts, USA, 3D Systems has offices and research centers around the world.