FRIEDBERG, Germany — (BUSINESS WIRE) — October 2, 2014 — voxeljet AG (the “Company” or “voxeljet”) (NYSE: VJET), announced today that it has completed the acquisition of all outstanding shares of Propshop (Model Makers) Limited (“Propshop”). 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.”
Founded in 2002, Propshop is a physical and digital asset production company primarily focused on building props for the entertainment industry. Propshop is based at Pinewood Studios in London, England. In addition to manufacturing physical props, Propshop provides specialized 3D modelling and scanning facilities. Propshop’s clients include Warner Bros., Universal Pictures, Sony Pictures, Disney and BBC Films. Propshop contributed to such films as Zero Dark Thirty (2013), Skyfall (2013), and The Dark Knight Rises (2013).
voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets. For more information, visit http://www.voxeljet.de/en/.
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