Brief: Proto Labs reaches deal to buy Rapid for aggregate purchase price of $120 mln

Proto Labs

21/11/2017 14:30

Nov 21 (Reuters) - Proto Labs Inc  PRLB.N : 
    * Proto Labs reaches agreement to acquire Rapid, expands 
services 
with sheet metal fabrication 
    * Under terms of agreement, Proto Labs will acquire Rapid 
for an 
aggregate purchase price of $120 million 
    * Rapid's 2017 annual revenue is forecasted to be 
approximately 
$45 million 
    * Purchase price of $120 million consists of $110 million 
in cash 
and $10 million in Proto Labs stock 
 
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