CIMdata PLM Industry Summary Online Archive
1 May 2013
Acquisitions
3D Systems Acquires RPDG
3D Systems Corporation announced today that it has acquired Rapid Product Development Group, Inc. (“RPDG”), a provider of on-demand additive and traditional manufacturing services.
3D Systems plans to integrate RPDG’s state-of-the-art capabilities into its growing Quickparts services immediately.
“We are honored to become part of 3D Systems, the recognized global 3D content-to-print leader,” said Tony Moran, CEO and Founder of RPDG. “Together, we can deliver the full impact of 3D printing and traditional manufacturing capabilities to our global customers.”
“We are very pleased to add a proven service provider and innovator of RPDG’s reputation, experience and scale to our rapidly growing, global network of on-demand parts services,” said Ziad Abou, Vice President and General Manager, Quickparts Services for 3D Systems. “With Tony and his team on board, we are extremely well positioned to expand our services to support our growing customer demand.”
In connection with the acquisition of RPDG, the company raised its 2013 annual revenue and non-GAAP earnings per share guidance to revenue in the range of $460 million to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share.
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