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Check Out 3D Systems' Newest Acquisition

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3D Systems Corporation (NYSE: DDD) announced on Monday that it acquired Easyway Design and Manufacture Co. in China.

According to a press release, Easyway is a 3D printing sales and service provider with operations in Shanghai, Wuxi, Beijing, Guangdong and Chongqing.

"The firm brings 3D sales and services to industries across China including the automotive, medical and consumer fields. Easyway serves corporate clients such as VW, Nissan, Philips, Omron, Black & Decker, Panasonic and Honeywell," according to a report from ZDNet.

The acquisition was expected to provide 3DS with a strong platform to scale its in-country Quickparts custom manufacturing operations and multiplexes its 3D printing reseller coverage.

"We are thrilled to join forces with Easyway and together expand our business in China," commented Avi Reichental, President and Chief Executive Officer, 3DS. "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."

May Zhou, General Manager of Easyway said, "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. 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."

3D Systems recently traded at $28.57, down 0.35 percent.

 

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