Category Archives: Business

Midwest Prototyping acquires Tenere, expands 3D printing services to Colorado

Additive manufacturing service bureau Midwest Prototyping has announced plans to expand its services to Colorado. The Wisconsin headquartered corporation made this announcement after its acquisition of Tenere Inc’s rapid prototyping division. The acquisition came about as a solution to providing rapid prototyping services for Colorado after custom metal and plastic component manufacturer Tenere ceased its […]

Another 3D printing Unicorn as Formlabs reaches $1 billion valuation, adds former GE CEO to board

SLA and SLS 3D printer developer and manufacturer Formlabs announced that it has raised a further $15 million in funding, attaining a $1 billion valuation. The round was led by technology and healthcare venture capital firm New Enterprise Associates (NEA), and brings the company’s total money raised to date to $100 million. Dayna Grayson, who led NEA’s […]

Prodways posts €27 million revenue, 88% growth for first half of year

More 3D printing financial news with the publication new financial results from France’s Prodways Group. Acquisitions and on demand part manufacturing are behind strong growth at the French company. The 3D printer manufacturer and service provider’s latest financial results show the company generated €27.6 million in revenue for the first half of the financial year. […]

GeoSLAM and 3D Laser Mapping merge to expand global reach of LiDAR

On 19th July, 2018, GeoSLAM, a UK-based company specializing in 3D geographical technology solutions, and 3D Laser Mapping, a leading producer of mobile mapping systems and mapping software, announced that the two companies will be merging. David Burt, CFO of GeoSLAM, had following to say on the future of the merger: “We are absolutely thrilled […]

Ultimaker opens new APAC facility in Singapore to meet global demands

Ultimaker, a Netherlands based 3D printer manufacturer, has expanded operations within the APAC region with a new office facility in Singapore. Following this, Benjamin Tan, former Channel Director at Dassault Systèmes, has been appointed as Vice President Asia Pacific at Ultimaker in Singapore. “There is a greater understanding of additive manufacturing in Asia Pacific,” said […]

Mass Portal co-founder hands over leadership to build an independent additive Manufacturing software platform

Mass Portal, a Latvia-based 3D printer manufacturer, has named Imants Treidis as its new CEO following the departure of co-founder Janis Grinhofs. As of this month, Grinhofs, has founded and will lead FabControl, an independent software platform for managing additive manufacturing machinery and workflow. “We will continue to serve our existing customers and industrial partners, […]

Mass Portal co-founder hands over leadership to build an independent additive Manufacturing software platform

Mass Portal, a Latvia-based 3D printer manufacturer, has named Imants Treidis as its new CEO following the departure of co-founder Janis Grinhofs. As of this month, Grinhofs, has founded and will lead FabControl, an independent software platform for managing additive manufacturing machinery and workflow. “We will continue to serve our existing customers and industrial partners, […]

Zortrax 2017 financial results and plans for 2018

Zortrax, the Polish manufacturer of the popular quality M200 3D Printer, experienced a challenging year in 2017, with sales down 12% to 47.5M PLN (circa 14M$) from 54M PLN (circa 16M$) in 2016. The company suffered from a 25% decrease of sales in the USA following the closure of their main distributor. Sales in Europe […]