A large South Carolina 3D printing company has agreed to acquire Titan Robotics, a Colorado Springs-based designer and manufacturer of large-format 3D printers, in a deal that will keep Titan in the Springs while furthering its growth. The deal with 3D Systems of Rocky Hill, S.C., is expected to be completed April 1 and will allow 3D Systems to expand into new markets that include foundries, consumer goods, transportation, contract manufacturing, transportation and motorsports, aerospace and defense as well as manufacturing, 3D Systems said in a news release. “With the addition of Titan Robotics’ unique extrusion technology, we will be able to address our customers’ need for large build volumes, superior performance and improved productivity at a significantly lower cost,” Jerry Graves, 3D Systems president and CEO, said in the release. Titan CEO Rahul Kasat said Monday that company officials began seeking a “Strategic partner” last July. After talking with about a dozen potential suitors, Titan management selected 3D Systems a few months ago for further talks and “Due diligence” for a potential deal. Founded more than 30 years ago, 3D Systems uses 3D printing for additive manufacturing in a variety of industries. Last year, the company acquired a Philadelphia company specializing in 3D printing for the medical industry and a German software firm, while selling its on-demand manufacturing operations and its medical simulation business.
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