Recently, a small Wisconsin-based private equity firm, Generation Growth Capital (GGC), acquired 3rd Dimension Industrial 3D Printing, a metal 3D printing service provider based in Indiana. The acquisition was completed through Generation Growth Capital Fund III LP, valued at $ 75 million. The full terms of the transaction remain undisclosed.
3rd Dimension was established in 2013 to provide 3D printing services to customers in the aerospace, defense and automotive industries. The company provides various metal alloy materials for ProX models of 3D System, such as 316L, AlSi12, DMP 320 and so on. In addition to metals, 3rd Dimension uses Stratasys' 3D printer Fortus 250mc to print thermoplastics. In addition, 3rd Dimension offers post-processing solutions such as CNC machining and laser scanning.
It is reported that with the latest investment from GGC, 3rd Dimension is seeking to expand its customer base.
GGC has continued to invest in additive manufacturing and previously acquired laser system development company Innovative Laser Technologies.