Proto Labs To Acquire Select Assets Of Germany's Alphaform - Quick Facts

(RTTNews) - Custom prototypes parts maker Proto Labs, Inc. (PRLB) announced that it agreed in principle to acquire select assets and operations of Alphaform AG, subject to standard terms and conditions of purchase.

The proposed acquisition will include Alphaform divisions operating in Germany, Finland and the U.K. It also includes the injection molding service currently offered by Alphaform Claho, in Eschenlohe, Germany.

However, MediMet Precision Casting and Implants Technology GmbH, a 100% subsidiary of Alphaform AG is not part of the transaction.

The deal, expected to be completed in early October, will significantly expand Proto Labs' additive manufacturing presence in Europe.

It will boost Proto Labs' manufacturing capabilities in Europe by adding selective laser sintering, direct metal laser sintering and additional stereolithography capabilities.