SyBridge to Acquire Certain Assets of Digital Manufacturing Solutions Provider Fast Radius
Chicago-based Fast Radius adds significant prototyping, additive manufacturing and software capabilities to grow Sybridge’s product lifecycle support for customers.
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Photo Credit: SyBridge Technologies
SyBridge Technologies announces that its wholly owned affiliate, SyBridge Digital Solutions LLC, has been selected as the winning bidder of certain assets of Fast Radius Inc., a provider of digital manufacturing solutions. The sale is subject to bankruptcy court approval and is expected to close before the end of 2022.
SyBridge is acquiring most of the operating assets of Fast Radius, and intends to make offers of employment to a majority of current Fast Radius employees. Under SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business and will go to market under the Fast Radius brand name. This transaction represents Sybridge’s 14th acquisition since inception in 2019, which includes several mold builders (see the list here).
Founded in 2017, Fast Radius, headquartered in Chicago, Illinois, has helped its customers produce more than 15 million parts across more than 150,000 discrete designs with its prototyping, additive manufacturing (AM) and software capabilities. Additionally, Fast Radius has reportedly developed an innovative suite of software that integrates design, production and fulfillment operations across a single digital platform to enable simpler and more accessible manufacturing.
New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 to create a market-leading, value-added manufacturing solutions provider spanning end markets, geographies and advanced technological capabilities.
“I am thrilled to be bringing Fast Radius into the SyBridge family. Combining Fast Radius’ cloud manufacturing and artificial intelligence platform with our global design, prototyping and manufacturing network materially accelerates our vision of being a leading global industrial technology company,” Byron J. Paul, CEO of SyBridge Technologies, says. “We will be able to support our customers throughout their product lifecycle — from product design, engineering and prototyping through tool production, supportive molding and finally, preventative maintenance and repair.”
