voxeljet Acquires Modelling Firm Proshop
Staff posted on October 03, 2014 |
voxeljet acquires modelling firm Proshop. Can the German AM firm deepen its ties to the entertainmen...

3dprinting, voxeljet, accquisitionvoxeljet has announced that it has completed the acquisition of all outstanding shares of model making firm Propshop. The terms of the transaction were not disclosed.

Propshop will become voxeljet UK, a wholly-owned subsidiary of the Company, and will continue to support the film and entertainment industry, as well as the broad, growing consumer market for on-demand 3D printing services. Propshop’s operating results will be included in voxeljet’s Services segment going forward. James Enright, founder and CEO of Propshop, joins the Company as Managing Director of voxeljet UK and Vice President for Consumer Markets and will report directly to voxeljet’s Management Board.

Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “We have a longstanding relationship with Propshop and are impressed with the business James and his team have developed over the years. Propshop’s innovation, creativity, and advanced experience with our 3D printing technology has made it a leading provider of sophisticated and complex content to the entertainment industry. These attributes and award-winning capabilities have presented Propshop with several new and very exciting consumer-related opportunities in the on-demand parts services market uniquely suited for large scale 3D printing production. Combining the expertise of both companies in this regard is an attractive arrangement. We are very happy to welcome Propshop into the voxeljet family.” 

James Enright added, “I am excited to be working with voxeljet and about the opportunities presented by industrial 3D printing techniques and capabilities in developing consumer products. Propshop has a vast archive of digital content, which can now be transformed into collectables and art objects, effectively supplying the expanding market for this type of product.”

Source: voxeljet

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