3D Systems Corporation (NYSE: DDD) announced that it acquired Formero Pty, Ltd., a leading provider of on-demand custom parts services and 3D printing solutions headquartered in Melbourne, Australia. The company plans to continue all Formero operations as 3D Systems Asia-Pacific and immediately offer its expanded range of 3D content-to-print solutions for the benefit of design-to-manufacturing professionals and consumers alike.
As a resource to the Australian manufacturing sector, Formero brings nearly two decades of experience providing best-in-class rapid prototyping and custom manufacturing services. Through its wholly owned XYZ Innovation subsidiary, Formero is also a leading distributor of personal, professional and production 3D printers that include plastic and metal printing solutions. Additionally, Formero operates a facility in Shenzhen, China to support its growing on- demand custom parts services.
According to Abe Reichental, President and Chief Executive Officer of 3D Systems, along with key operations in Australia and China under the leadership of Simon Marriott, Formero represents a significant milestone in the company’s Asia-Pacific expansion plans.
Said Marriott, General Manager, 3D Systems Asia-Pacific, “We plan to leverage our knowledge and experience for the benefit of our customers by building stronger local presence and deliver the full range of 3D Systems products and services throughout the region.”
3D Systems Corporation