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Protolabs Acquires 3D Hubs

Maple Plain, Minnesota-based Proto Labs, Inc., is a technology-enabled digital manufacturing company. The company has recently announced that it has acquired 3D Hubs, Inc., an online manufacturing platform that connects engineers on-demand to a global network of premium manufacturing partners. The deal will be funded in part with Protolabs common stock. In addition, Protolabs hubs plans to establish an employee incentive fund for the 3D Hubs team members that will be paid based on their financial performance and retention goals.

3D Hubs is an online manufacturing platform

Protolabs hubs has announced that it has acquired 3D Hubs, an online manufacturing platform. The deal will provide Protolabs’ customers with access to a global network of manufacturing partners. They can upload their designs, receive feedback, and calculate a price. The combined company will offer a wide variety of materials and manufacturing services. This merger will allow Protolabs to serve more customers and grow faster.

Protolabs believes that outsourcing is an important part of its business. However, it may be more cost effective for Protolabs to rely on the 3D Hubs network of manufacturing partners rather than purchasing their own equipment. The latter is a defensive move, according to some analysts.

The acquisition will allow Protolabs to offer customers the “world’s most comprehensive” digital manufacturing offering. By leveraging 3D Hubs’ global network of manufacturing partners, Protolabs will be able to offer its customers a wider range of capabilities, pricing, and lead times.

3D Hubs facilitates the production of over six million custom products and parts. Users can upload their designs, get an instant quote, and start production online with premium manufacturing partners in over 20 countries worldwide. The company has raised more than $30 million in funding and has produced over six million custom parts.

Protolabs recently acquired 3D Hubs for $280 million. The deal included $130 million in cash and $150 million of Protolabs stock. The deal also includes a $50 million contingent payment that is payable if the company meets certain financial performance targets in 2021 and 2022. 3D Hubs had revenues of $25 million in 2018 and is expected to generate $25 million in revenue in 2020.

Protolabs hubs is a digital manufacturing company led by Rob Bodor and Vicki Holt. It provides a range of manufacturing services from 3D printing to CNC machining and sheet metal fabrication. Protolabs specializes in the rapid manufacturing of custom parts and has lead times as short as a day. It has facilities in North Carolina, England, and Japan.

It offers access to 240 manufacturing partners

Protolabs, a global technology-enabled digital manufacturing company, has acquired 3D Hubs, a leading online manufacturing marketplace. The acquisition gives Protolabs access to 240 manufacturing partners worldwide, expanding its capabilities, pricing, and lead times. The acquisition is part of the company’s strategy to grow, with a goal of achieving $1 billion in revenue within five years. The new acquisition will also help Protolabs expand geographically and expand its customer base. The deal will also broaden Protolabs’ capabilities, including the ability to deliver larger parts. Moreover, it will allow Protolabs to improve inspection reporting and secondary operations.

Protolabs hubs offers an online manufacturing platform, Hubs, that gives engineers access to a global network of manufacturing partners. With this, engineers can upload their designs, receive an instant quote, and begin production. The company is one of the most popular online manufacturing services, producing custom components in as little as a day, using CNC machining, automated 3D printing, sheet metal fabrication, and injection molding processes.

The Hubs have access to 240 manufacturing partners and generate $15 million in revenue from 3D printing and CNC services. The company has a rigorous quality assessment process, and maintains an ongoing monitoring system to ensure that all parts produced by its partners are of the highest quality. The process includes upfront and ongoing audits, as well as reviews of customer complaints and reliability.

It is cheaper than Protolabs

As a rapid prototyping and small-series part provider, Protolabs focuses on making the manufacturing process as efficient and straightforward as possible. Its user-friendly interface helps you manage production requirements and analyze the financial feasibility of various options. With three-dimensional printing, CNC machining, and injection molding, Protolabs offers an integrated product development solution.

Protolabs hubs was founded by Rob McLaughlin, who was also the founder of 3DHubs. Both companies are known for their speed and precision. However, their prices are not the same. Moreover, the company offers a cloud-based interface for managing the production process. This makes things easier and more affordable for the customers.

The online manufacturing platform, Hubs, allows engineers to access the manufacturing network of its global network. Its customers can upload their design, receive a quote, and start production right away. Hubs is the leading source of online manufacturing services. It produces custom components in as little as a day with the help of automated 3D printing, CNC machining, sheet metal fabrication, and injection molding processes. This makes the manufacturing process more efficient and flexible, while allowing the supply chain to adapt to changing demands.

The 3D Hubs platform enables you to access a global network of manufacturing partners. All you have to do is upload your design and get a quote within minutes. With 3D Hubs, you can even complete the entire manufacturing process online. The software combines CNC machining, sheet metal fabrication, and injection molding processes, resulting in a fully customized component.

3D Hubs is different than Protolabs in several ways. For one thing, 3D Hubs’ pricing is more competitive and comes with additional secondary processes. They also offer faster turnarounds and competitive prices.

The company has grown over the past two decades through acquisitions. Rapid, 3DHubs, and Fineline were recently acquired. Its mission is to make 3-D printing easier and cheaper for every consumer. Currently, the company offers a wide range of 3D printers.

Proto Labs has a strong track record of profitability. Its product innovation capabilities and scalable supply chain flexibility allow it to grow quickly, despite its low-volume market. The company also has a proven track record of switching to high-volume production when demand calls for it.

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