Sybridge Technologies acquires Advantage Engineering Inc
Posted on 08 Apr 2022 and read 1025 times
Sybridge TechnologiesSyBridge Technologies
, a US-based global industrial technology company, has acquired Advantage Engineering Inc
, a leading provider of rapid prototyping and additive manufacturing solutions that has its headquarters in Windsor, Ontario (Canada).
This transaction continues to advance SyBridge’s ‘Technology and Services’ business unit by expanding the company’s suite of end-to-end industrial technology solutions for customers and represents its sixth acquisition in the last 12 months.
New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity to create a market-leading value-added manufacturing solutions provider. The acquisition of Advantage enables SyBridge to offer ‘state of the art’ online quoting for digital rapid prototyping and additive manufacturing.
This online quoting process will be a part of SyBridge IoT Cloud — the company’s digital platform. Advantage’s proficiencies in plastic and metal 3-D printing, aluminium tooling production, and low-volume plastic injection moulding ‘build out’ SyBridge’s comprehensive set of industrial technology solutions and help the company to better serve customers in the fast-growing electric vehicle, life sciences and consumer products markets.
Andy Aiton, president of the SyBridge Technology and Services business unit, said: “Advantage has been a leader in rapid prototyping throughout North America for 27 years. This acquisition will allow SyBridge to better engage with customers during the product development phase. By using a wide range of in-house capabilities and digital technologies, we can now generate an online quote within minutes and prototype parts in days.”
Tony Nardone, SyBridge’s CEO, added: “Advantage helps to add a critical piece of the puzzle in SyBridge’s development into a comprehensive industrial technology solutions partner to our customers. As a single point of contact with e-commerce and IoT services, we can reduce lead-times and improve quality to best meet our customers’ product development, low-volume production, tooling, and service and repair needs.”