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Medical device manufacturing's latest mergers, acquisitions - Today's Medical Developments

Desktop Metal to acquire EnvisionTEC; ARCH Global Precision acquires LISI Medical Jeropa; Protolabs reaches agreement to acquire 3D Hubs; CORE Industrial Partners acquires Mark Two Engineering ....

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Manufacturing execs at Protolabs explore the unification of lean and digital production strategies

Manufacturing execs at Protolabs explore the unification of lean and digital production strategies
Rob Bodor and Joe Goodhart
2021-01-19T14:55:32Z
Protolabs
Last year accelerated the fact that to survive most effectively in a volatile marketplace supply chains and manufacturing firms need to transform and become more digital.
Robert Bodor, vice president and general manager in the Americas, and Joe Goodhart, director of operational excellence at Protolabs, an e-commerce manufacturing firm, share some tips on how companies can maximize lean manufacturing practices with digitalization.
Because of her work, Business Insider named Vicki Holt, CEO of Protolabs, to our annual list of the 10 leaders transforming manufacturing in North America. ....

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Protolabs, 3D-Print Metal Fabricator, Up on Output-Platform Deal

Protolabs, 3D-Print Metal Fabricator, Up on Output-Platform Deal
Protolabs, a 3D-printing metal fabricator, agreed to pay as much as $330 million for 3D Hubs, an online manufacturing platform
Author:
Protolabs (
PRLB) - Get Report jumped Tuesday after the 3D-printing metal fabricator said it definitively agreed to buy 3D Hubs, the Amsterdam online manufacturing platform, for as much as $330 million.
The Maple Plain, Minn., company said in a statement it would pay $130 million cash and $150 million of stock for 3D Hubs. Protolabs will pay as much as an additional $50 million, half in cash and half in stock, if 3D Hubs meets certain targets over two years. ....

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Maple Plain-based Protolabs expands 3-D printing business with $280M acquisition

Maple Plain-based Protolabs expands 3-D printing business with $280M acquisition
Dutch firm 3D Hubs offers online ordering platform with 200 manufacturing partners.
January 19, 2021 7:38pm
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Protolabs is buying a Netherlands-based 3-D printing company in a $280 million deal.
3D Hubs, with U.S. headquarters in Chicago, connects engineers with contract manufacturers to provide custom products or prototypes.
The deal is expected to close by the end of the month.
The addition of 3D Hubs provides Protolabs a platform to evolve our service model to provide unprecedented manufacturing flexibility to our customers, said Rob Bodor, current general manager of Protolabs Americas division who will take over as chief executive on March 1. Together we can fulfill nearly every custom manufacturing need across the product life cycle. ....

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Tennant COO to Succeed Chris Killingstad as CEO | Twin Cities Business

Three Minnesota public companies choose internal candidates to take the leadership reins from veteran CEOs.
Chris Killingstad, who led Tennant Co. to $1.14 billion in sales in 2019, will leave his president and CEO role in March.
Killingstad, who served in the top job for 15 years, will be succeeded by Dave Huml, the company’s chief operating officer. Tennant, founded in 1870, is well-known for manufacturing blue-and-gray cleaning machines that are used in countless school and business locations.
Killingstad is the third chief executive in the past two months to announce a departure from a major public company based in the Twin Cities. Doug Baker will leave his CEO role at Ecolab on Jan. 1, and Vicki Holt will end her tenure as president and CEO of Protolabs on March 1. ....

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