Proto Labs to acquire Alphaform AG
Additive manufacturing services provider Proto Labs has reached agreement to acquire select assets and operations of Alphaform AG.
Maple Plain, MN - Proto Labs (NYSE:PRLB), a digital manufacturing source for custom prototypes and low-volume production parts, has reached agreement in principle to acquire select assets and operations of Alphaform AG, subject to standard terms and conditions of purchase.
The planned acquisition will include Alphaform divisions operating in Germany, Finland, and the UK. This acquisition will significantly expand Proto Labs’ additive manufacturing capabilities in Europe by adding selective laser sintering, direct metal laser sintering, and additional stereolithography capabilities.
The acquisition also includes the injection molding service currently offered by Alphaform Claho, in Eschenlohe, Germany. MediMet Precision Casting and Implants Technology GmbH, a 100% subsidiary of Alphaform AG, is not part of the transaction.
The transaction is expected to be completed in early October 2015. For more information, please contact email@example.com.