are fewer minor stoppages, which further increases productiv- ity and reduces labor costs.
Acquisitions
Additive manufacturing developer 3D Systems Corp. (Rock Hill, SC) has acquired Bespoke Innovations Inc. (San Fran- cisco), a startup builder of prosthetic medical devices and healthcare solutions. Although the company expects to make additional R&D investments before it can commercialize new Bespoke products, 3D Systems announced that it affirms the company’s previously announced guidance of $330 million to $360 million in revenue and $1.00 to $1.25 Non-GAAP EPS. The company does not expect this acquisition to be material to its revenue for the remainder of 2012.
3D Systems plans to integrate Bespoke into its growing healthcare solutions services and leverage its integrated scan, design and print technology and know-how to develop and commercialize a full range of innovative, ventilated and light- weight custom-fit prosthetics, orthotics and orthopedics. “This is an exciting and timely development that fuses
together essential Bespoke and 3D Systems technologies to deliver an expanded range of life-enhancing, cost-effective treatments for the benefit of patients and providers alike, within existing insurance reimbursement codes,” says Scott Summit, co-founder of Bespoke Innovations.
“Bespoke products can deliver extraordinary individu- alization and style to an underserved audience through its extraordinary designs and proprietary scan-to-print technol- ogy,” says Abe Reichental, 3D Systems president and CEO. “We plan to fast-track additional Bespoke products to market and to enhance their affordability and availability through our technology and manufacturing infrastructure.” Automated material handling developer Intelligrated (Mason,
OH) announced that it has entered an agreement to be acquired by a holding company owned by the Permira funds in a trans- action at a valuation in excess of $500 million. Intelligrated’s management, led by founders Chris Cole and Jim McCarthy, will maintain a significant stake in the company as part of the transaction and will continue to lead the company. “This is a very exciting new chapter for our company, and
we are thrilled that a world-class investment firm such as Permira has recognized the growth potential in our busi- ness,” says Chris Cole, CEO of Intelligrated. “This is a strong endorsement for Intelligrated and our highly talented work-