3D Systems, as part of their aggressive strategy of strengthening the company through acquisitions, has announced the purchase of American Precision Prototyping (APP) and one of APP's sister companies, American Precision Machining (APM).
The pair of firms are providers of rapid prototyping and advanced manufacturing, product development and engineering services, and 3D Systems says the purchases will further extend their service bureau operations in the United States.
No financial details of the transactions were disclosed.
Headquartered in Tulsa, Oklahoma, APP and APM boast more than 24 years of combined advanced prototyping and manufacturing service bureau experience, and 3D Systems says those production capabilities include a strong regional infrastructure and long-term, key relationships with companies in the aerospace sector.
"APP and APM bring a wealth of experience and bench strength in both advanced manufacturing and the aerospace industry that is highly complementary to our offerings. This acquisition further enhances our North American capabilities and expertise," said Ziad Abou, Vice President and General Manager of Quickparts, 3D Systems' service bureau wing.
Jason Dickman, President of APP, said the move was an excellent fit for both companies.
"We have been a long-standing customer of 3D Systems' SLA and SLS printers, materials and software," Dickman said. "We couldn't be more excited to join the team as it positions us to provide unparalleled parts services to our customers far into the future."