Trilantic North America, a middle market private equity firm, has agreed to acquire the on-demand manufacturing business from 3D Systems in partnership with Ziad Abou, former senior vice president and general manager of 3D Systems’ on-demand manufacturing business for nearly a decade, and other industry executives.
The company, which will operate under the name QuickParts post-closing and will be led by Abou as CEO, is a digital manufacturer that provides on-demand 3D printing and custom manufacturing services.
“We are pleased 3D Systems has chosen Trilantic North America to guide its on-demand 3D printing and custom manufacturing business through its next growth chapter,” said Charles Fleischmann, partner at Trilantic North America “We are also incredibly excited to partner with Ziad and the QuickParts team to achieve their strategic objectives and to drive continued expansion and increased customer success.” “The investment in QuickParts underscores Trilantic North America’s commitment and belief that Industry 4.0 can bring increased sustainability, decreased production time and costs, and enhanced business digitalization throughout the supply chain.”
“We are continuing to aggressively execute our four-phase plan for the core 3D Systems business that we announced a year ago, to position the company for exciting growth and profitability as the market for industrial-scale additive manufacturing continues to expand,” said Jeffrey Graves, CEO of 3D Systems. “The On-Demand Manufacturing business, with its focus on the rapid production of components using a multitude of digital manufacturing methods, is a solid business that has a very bright future under the stewardship of Trilantic North America.”