3D Systems has announced the creation of 3D Systems China via the acquisition of Easyway Design and Manufacture Co. and its wholly owned subsidiaries. Easyway is a leading Chinese 3D printing sales and service provider with operations in Shanghai, Wuxi, Beijing, Guangdon and Chongqing.
3D Systems China is to be headed by Easyway founder May Zhou. In addition to increasing reseller coverage, this effectively allows 3D Systems' service bureau branch, Quickparts, to increase penetration of the Chinese market.
"We are excited to become part of 3D Systems, a leading provider of the most complete portfolio of 3D digital design and fabrication solutions available today," said May Zhou, General Manager, Easyway. "We plan to leverage our collective knowledge and experience for the benefit of our customers by building a stronger local presence and immediately delivering the full range of 3DS products throughout China."
The acquisition is expected to leverage and enhance Easyway's extensive pre-existing service bureau production capabilities and customer base. Easyway has established relationships with various big brand automotive, medical and consumer goods companies, including VW, Nissan, Philips, Omron, Black & Decker, Panasonic and Honeywell.
"We are thrilled to join forces with Easyway and together expand our business in China. With operations in key Chinese cities and well-established 3D printing sales and service bureau operations, Easyway represents the cornerstone of our expansion plans for China," said Avi Reichental, President and Chief Executive Officer, 3D Systems.
"We believe that the strong relationship and strategic fit between our companies, combined with Easyway's on-the-ground infrastructure, coverage and deep customer relationships, could present significant benefits for our customers, sizeable growth opportunities for us and long term value for our shareholders," concluded Reichental.
Terms of the transaction were not disclosed.