3D Systems Keeps On Acquiring

3D Systems has just announced its acquisition of Paramount Industries, a direct manufacturing company.  The move is another example of how 3DS is expanding its 3D printing and rapid prototype delivery capabilities.  The French-based company has recently bought up other companies such as Z-Corp, Vidar, MyRobotNation, and other 3D scanning and printing-based companies.  This consolidation represents a substantial trend for the industry.

To a much lesser extent, other 3D printer companies have also been acquiring complementary companies. For example, Stratasys purchased Solidscape, and EOS acquired ALM and Integra.

From the email:

Consistent with our strategy to democratize access and accelerate adoption of our portfolio of 3D content-to-print solutions, we have taken yet another significant step with the acquisition of Paramount Industries, one of the world's most experienced direct rapid manufacturers and providers of product development solutions for aerospace and medical device applications; from complete design to manufacturing services to the production of certified end use parts and products.

As of today, Paramount will evolve from a company name into a very important offering that, together with Quickparts® and 3Dproparts™, becomes an essential part of our rapidly growing global custom parts services portfolio. We plan to expand the breadth and reach of Paramount's services under the continued leadership of Jim Williams and his team from our facilities in Langhorne, PA, USA.

The press release mentions:

3D Systems plans to integrate Paramount’s state-of-the-art manufacturing facilities and advanced tooling and assembly operations with its growing on-demand direct manufacturing services. Paramount Industries maintains AS9100C and ISO 9001:2008 certifications along with an ITAR registration.  

“We are honored to become part of 3D Systems, the recognized global 3D content-to-print leader,” said Jim Williams, President and Chief Executive Officer of Paramount Industries. “We expanded our reach into the growing aerospace and medical device industries with 3D Systems’ SLS^® production printers. Together, we can deliver the full impact of direct manufacturing capabilities to our aerospace and medical device customers all over the world.” 

 “We are very pleased to add a proven direct manufacturing innovator of Paramount’s reputation, experience and scale to our rapidly growing, global network of on-demand parts services,” said Abe Reichental, President and Chief Executive Officer of 3D Systems. “With Jim Williams’ continued leadership, we are extremely well positioned to expand our aerospace and healthcare manufacturing activities and build the required infrastructure to support these significant customers.”

Originally founded in 1966, Paramount has expanded its scope to apply advanced technology in all aspects of product development. Today, Paramount offers a comprehensive array of services. In addition to rapid prototyping and rapid tooling, Paramount sets the pace in direct manufacturing of precision parts from 3D CAD digital input, utilizing advanced Selective Laser Sintering technology. Paramount's services also include injection molding, full-scale manufacturing from domestic and offshore facilities as well as assembly and packaging.

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