ProtoLabs finalises acquisition of 3D Hubs in $280m deal

Injection moulding firm Protolabs has successfully acquired online manufacturing platform 3D Hubs in a $280 million deal that will allow the company to offer their services to consumers outside of their current reach.

3D Hubs' platform will provide Protolabs with on-demand access to over 240 manufacturing partners. The completion of this transaction creates the world’s most comprehensive digital manufacturing offer for custom parts.

The deal was made with a $130 million cash offer, with the remaining costs of the transaction being offered in the form of £150 million in Protolabs' stock.

Contingent consideration of up to $50 million is payable based on the achievement of financial performance targets in 2021 and 2022.

The acquisition is expected to be accretive of ProtoLabs' growth for 2022.

Bram de Zwart, Co-Founder and CEO at 3D Hubs, said: “The entire 3D Hubs team is thrilled to join Protolabs and continue to revolutionize the manufacturing industry through innovation. At 3D Hubs, our goal is to empower engineers to create revolutionary products through supply chain efficiency and reliability.

"We are confident that partnering with Protolabs will help us advance that mission and together we can fulfil nearly every custom manufacturing need across the product life cycle."

Rob Brodor, Protolabs' incoming CEO, said: “The addition of 3D Hubs provides Protolabs with a platform to evolve our service model to provide unprecedented manufacturing flexibility to our customers.

“Our combined organizations will provide the market with an industry-leading digital manufacturing solution to serve their needs from idea to prototype to full end-use part production. Together we can fulfil nearly every custom manufacturing need across the product life cycle.”

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