PrinterPrezz, Inc. and Vertex Manufacturing have completed the merger between the companies, both active in the advanced manufacturing sector and specifically in advancing and evolving the AM workflow. Financial details of the transaction were not disclosed. The deal is significant as it marks one of the first times that a new entry AM software company (PrinterPrezz) has acquired a physical AM service provider (Vertex). Both companies are innovative in their approach to AM: PrinterPrezz in terms of its holistic approach to the AM workflow and Vertex, a new company founded by industry veterans, in terms of their adoption of new AM technologies such as those provided by Velo3D along with PrinterPrezz software.
“Bringing together the complementary strengths of two innovative companies in the advanced manufacturing space is a transformative event that will allow customers across multiple industries to benefit from best-in-class proprietary technologies, IP, and AM workflow,” stated Shri Shetty, CEO of PrinterPrezz. “Solving the problem of the fragmented nature of the additive manufacturing supply chain, we created an end-to-end platform to optimize the process from device innovation through volume manufacturing. This acquisition provides PrinterPrezz with core fundamental post-processing technologies relevant to accelerate time to market for medical devices.”
Continued Shetty, “Over the past two years, our two companies have had a great working relationship. They immediately strengthen our technical capability and provide a location with a deep history of manufacturing expertise. We value their experience and perspective and look forward to leveraging Vertex Manufacturing’s vast knowledge as we create a global platform.”
Greg Morris, CEO of Vertex Manufacturing and PrinterPrezz CTO added: “I have been a part of the PrinterPrezz organization since its earliest phases, originally as a member of the Board of Advisors and more recently as Chief Technology Officer. The opportunity to bring Vertex into the PrinterPrezz organization is an incredible opportunity for both companies’ customers.” Morris added, “We believe the cross-pollination of various industries is a tremendous strength. As such, our Cincinnati, Ohio facility will rapidly grow to support the installation of new additive manufacturing and post-processing tools to support all of our existing customers as well as to support the increasing demand from the medical industry.”
PrinterPrezz expects the acquisition to deliver significant benefits to customers by leveraging PrinterPrezz and Vertex Manufacturing’s complementary technologies. PrinterPrezz’s Silicon Valley headquarters will continue to primarily focus on medical devices, leveraging in-house regulatory experience, clinician-driven design, additive manufacturing expertise, and in-house nanotechnology development. The Fremont, California design, engineering and manufacturing center will continue to maintain all requirements for medical device manufacturing including ISO-13485:2016 and all relevant regulatory requirements.
Vertex Manufacturing will continue to support all advanced manufacturing industries including medical, aerospace, defense, oil & gas, energy and consumer goods industries. The Cincinnati, Ohio engineering and manufacturing center will maintain all of its current certifications including ISO 13485:2016 and SAE AS9100:2016. The Cincinnati facility remains and will continue to be fully ITAR compliant and registered.