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3D Systems Announces Acquisition Of Volumetric Biotechnologies

Oct 27, 2021over 3 years ago

Acquiring Company

TOffeeAM

Acquired Company

Volumetric

LondonScience And Engineering

Description

3D Systems (NYSE:DDD) is pleased to announce the acquisition of Volumetric Biotechnologies, a Houston-based biotech company co-founded by Drs. Jordan Miller and Bagrat Grigoryan. Volumetric’s mission has from the outset been to develop the ability to manufacture human organs using bioprinting methods. Dr. Miller and his team of bioengineers and scientists have made tremendous progress in these efforts, focusing primarily on the human liver and the underlying technologies required to create these highly complex biological structures. With this acquisition, 3D Systems plans to establish a world-class research capability in Houston, Texas, a region committed to leadership in technologies related to life sciences.

Company Information

Company

TOffeeAM

Location

333 THREE D SYSTEMS CIRCLE

London, Ontario, Canada

About

Intelligent Multiphysics Generative Design for Advanced Manufacturing Top Aerospace companies relies on TOffeeAM to push their design to the limit. Our cloud-based platform is capable of generating complex and efficient shapes that optimize your components' performance in a completely automated procedure. Designs you could never think of are just one click away.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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