3D Systems Corporation (NYSE:DDD) announced today that it acquired Formero Pty, Ltd., a leading provider of on-demand custom parts services and 3D printing solutions headquartered in Melbourne, Australia.
Press Release from 3D Systems
ROCK HILL, S.C., Sept. 20, 2011 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today that it acquired Formero Pty, Ltd., a leading provider of on-demand custom parts services and 3D printing solutions headquartered in Melbourne, Australia. The company plans to continue all Formero operations as 3D Systems Asia-Pacific and immediately offer its expanded range of 3D content-to-print solutions for the benefit of design-to-manufacturing professionals and consumers alike.
Recognized as a trusted and knowledgeable technology resource to the Australian manufacturing sector, Formero brings nearly two decades of experience providing best-in-class rapid prototyping and custom manufacturing services. Through its wholly owned XYZ Innovation subsidiary, Formero is also a leading distributor of personal, professional and production 3D printers that include plastic and metal printing solutions. Additionally, Formero operates a facility in Shenzhen, China to support its growing on-demand custom parts services.
"We are very pleased to add a company of Formero's reputation, experience and scale in Asia-Pacific, our fastest growing region," said Abe Reichental, President and Chief Executive Officer of 3D Systems. "With key operations in Australia and China under the capable leadership of Simon Marriott and proven custom parts services and printers solutions growth record, Formero represents a significant milestone in our Asia-Pacific expansion plans."
"We are excited to become part of 3D Systems, a leading provider of the most complete portfolio of 3D content-to-print solutions available today," said Simon Marriott, General Manager, 3D Systems Asia-Pacific. "We plan to leverage our knowledge and experience for the benefit of our customers by building stronger local presence and deliver the full range of 3D Systems products and services throughout the region."
About 3D Systems Corporation
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides creative content development, design productivity tools and curation services and downloads. Its expertly integrated solutions replace, displace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, communicate, prototype and produce functional parts, empowering its customers to create with confidence.
More information on the company is available at www.3DSystems.com
To experience 3D Systems' entire range of 3D content-to-print products and services please visit www.printin3D.com, www.production3dprinters.com, www.toptobottomdental.com, www.quickparts.com, www.3Dproparts.com, www.alibre.com, www.bitsfrombytes.com, www.botmill.com, www.The3dStudio.com, www.freedomofcreation.com, www.sycode.com, blog.3dsystems.com, or via email at moreinfo@3Dsystems.com.
The 3D Systems Corporation logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=4537
Formero provides custom manufacturing services for engineers and designers who want to create plastic and metal parts from rapid prototyping to production, utilizing 3D CAD files. With complete in-house rapid prototyping and tooling capabilities and an experienced engineering project team in both Australia and China, Formero delivers quality prototyping and manufacturing services on time and within budget. Its XYZ Innovation subsidiary provides a wide range of personal professional and production 3D Printers, print materials and services.