SyBridge Digital Solutions LLC, a wholly-owned affiliate of Crestview Partners-backed SyBridge Technologies, an industrial technology company, has acquired certain assets of Fast Radius Inc.
Fast Radius, founded in 2017 and headquartered in Chicago, is a digital manufacturing services provider. Under SyBridge, Fast Radius will continue to operate its digital manufacturing and software business under the Fast Radius brand name. SyBridge is acquiring most of the operating assets of the company, and intends to provide employment offers to a majority of current Fast Radius employees.
“Combining Fast Radius’ leading cloud manufacturing and artificial intelligence platform with our global design, prototyping and manufacturing network materially accelerates our vision of being a leading global industrial technology company,” says Byron Paul, CEO of SyBridge Technologies. “We will be able to support our customers throughout their product lifecycle – from product design, engineering and prototyping through tool production, supportive molding, and finally preventative maintenance and repair.”
SyBridge was represented by Gibson Dunn & Crutcher and CMD Global Partners.