Protolabs 3d Hubs

Protolabs Acquires 3D Hubs

3D Hubs brings a network of manufacturing partners to Protolabs customers, including a wider selection of lead times and pricing options. These complementary offerings reinforce Protolabs’ commitment to delighting customers. It is not difficult to see why this new partnership is a good fit for Protolabs. In this article, we will discuss about Protolabs 3d Hubs

Online manufacturing platform

In a recent acquisition, Protolabs 3d Hubs, an online manufacturing platform that offers access to a global network of manufacturing partners. Through this acquisition, Protolabs will be able to offer customers a more comprehensive digital manufacturing solution for customized parts. The combined company’s offering will include a broader range of lead time, pricing, and manufacturing capabilities.

Protolabs 3d Hubs is an online manufacturing platform that offers custom-designed products and parts. Its business model includes automated 3D printing, CNC machining, sheet metal fabrication, and injection molding processes. In addition, it also offers services for outsourcing.

The company has facilitated the production of over six million custom products and parts through its online platform. It provides instant pricing and design feedback. The order is then fulfilled by premium manufacturing partners in over 20 countries. These partners offer broad capabilities, affordable pricing, and a global reach.

Protolabs recently acquired 3D Hubs for $280 million. The acquisition consideration included $130 million in cash and $150 million in Protolabs stock. It also included a contingent payment of $50 million payable if the company achieves financial performance targets in 2021 and 2022. 3D Hubs has a revenue growth rate of more than 200% since 2017.

Customer offerings

Protolabs was founded by Rob McLaughlin. The company has grown over the last two decades through acquisitions, such as 3DHubs. Its products are more sophisticated, and they offer shorter lead times, competitive pricing, and a range of secondary processes.

Protolabs has acquired 3D Hubs, an online manufacturing leader, and is combining their manufacturing services into the “world’s most comprehensive” offer. This combination will enable customers to receive a more streamlined experience and have access to the company’s vast network of manufacturing partners. Those manufacturers will be able to provide custom parts in as little as a day.

The three companies have complementary manufacturing networks and a shared goal of delighting customers. The 3D Hubs platform allows customers to upload their designs, receive a quote in minutes, and then begin the online production process. The platform integrates CNC machining, sheet metal fabrication, and injection molding processes to produce a fully customized component.

Protolabs will acquire 3D Hubs for $280 million, with the cash portion funded by $150 million of Protolabs common stock. The remaining $50 million will be paid as contingent consideration, based on the achievement of certain financial performance targets over the next two years.

Global network of manufacturing partners

Protolabs 3d Hubs connects engineers with an integrated global network of manufacturing partners, which provides a complete solution to prototype and production requirements. In just a few clicks, engineers can upload their designs, receive a quote, and begin the production process. Using CNC machining, sheet metal fabrication, and injection molding processes, Protolabs can produce customized components in as little as a single day.

Protolabs’ acquisition of 3D Hubs will allow it to provide a broader range of capabilities and pricing options to customers. The combined company will have access to more than 240 manufacturing partners worldwide, offering customers the ability to design and manufacture complex components for any project. As a result, 3D Hubs and Protolabs will be able to provide customers with the best possible service, including flexible lead times and competitive pricing.

Protolabs’ 3D Hubs platform has helped companies produce more than six million custom parts. Protolabs’ 3D Hubs network includes more than 200 partners with over $15 million in annual revenue. They have a strict quality assessment process to ensure that their partners’ products meet quality standards. They also conduct upfront audits and ongoing evaluations of their partners’ performance to ensure a quality partnership. Moreover, 3D Hubs’ manufacturing partners are vetted based on their expertise and experience.

3D Hubs provides on-demand access to a global network of manufacturing partners. Users can upload their designs and receive a quote instantly. From there, they can start production using premium manufacturing partners in more than 20 countries around the world. The company has successfully facilitated the production of over 6 million custom parts and has raised more than $30 million in funding.

Closing consideration

Protolabs 3d Hubs, a global technology-enabled digital manufacturing company, has completed the acquisition of 3D Hubs, an online manufacturing marketplace that offers customers on-demand access to a global network of premium manufacturing partners. This deal will expand Protolabs’ capabilities and add more flexibility to its customers’ manufacturing processes. As a result, the combined company will offer a more diverse range of lead times, pricing, and production methods.

3D Hubs was founded in 2013 and has facilitated the production of over 6 million custom parts. Since then, the company has expanded into over twenty countries, including Europe and the United States. In 2018, 3D Hubs opened its third European location. It is backed by venture capital firms EQT Ventures and Endeit Capital.

3D Hubs is a complementary partner to Protolabs, offering a greater range of pricing and lead time options. Both companies are committed to delighting their customers with the products and services they provide. This acquisition provides an even greater opportunity for Protolabs to accelerate its growth strategy and reach its $1 billion revenue goal in a shorter period of time. It will also broaden Protolabs’ part envelope, offering customers a more robust option to print larger parts. In addition, the combined company will expand its inspection reporting capabilities, making it easier to manage the quality and inspection process of a large volume of products.

Impact on revenue growth

Protolabs recently announced that it has acquired 3D Hubs for $280 million in cash. While the acquisition will boost Protolabs’ revenues, it will also limit the company’s growth in Europe. The Hubs will provide 3D printing services to over 35,000 companies worldwide. Some of the companies that use 3D Hubs include NASA, Amazon, and Robotics.

Protolabs has always been the largest firm in the market, both by size and revenue. However, the company’s competitors, including Xometry, have been growing faster. The company is using the lower end of its Q3-2022 guidance to estimate its future revenues. With 3D Hubs, Protolabs expects to increase revenues by around 15% per year.

3D Hubs enabled rapid design iterations at an early stage of product development. This helped users get products to market and generate revenue faster. Additionally, 3D Hubs helped companies reduce their inventory and transportation costs. Furthermore, the companies’ employees and customers were satisfied with the 3D Hubs experience.

While Protolabs has $110 million in cash and investments, their revenue growth has been dismal. While the company’s management has consistently made platitudes and uninspiring guidance, investors would expect Protolabs to grow faster and profitably.

Revenue growth for Proto Labs was up 17% year over year in Q2 2016, excluding 3D Hubs. The 3D Hubs contributed only 8.4% of the company’s total revenue in 2021. Profitability was mediocre with $0.35 per share, missing the $0.43 per share Wall Street forecast. The company generated $55.2 million in cash from operations in 2021. Revenue increased to $77.5 million in the final quarter of the year.

Revenue growth from Protolabs 3d Hubs and the U.S. is projected to grow by 11.2% in 2021. Hubs also contributed $15.6 million to the company’s European revenue in 2021. In Japan, revenue is projected to decrease by $0.7 million.

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