Brief: Protolabs Reaches Agreement To Acquire 3D Hubs, Creates The World’S Broadest Digital Manufacturing Offer For Custom Parts

Proto Labs

19/01/2021 13:00

Jan 19 (Reuters) - Proto Labs Inc  PRLB.N :
    * PROTOLABS REACHES AGREEMENT TO ACQUIRE 3D HUBS, CREATES
THE
WORLD’S BROADEST DIGITAL MANUFACTURING OFFER FOR CUSTOM PARTS
    * PROTO LABS INC - DEAL FOR TOTAL CONSIDERATION OF $280
MILLION
    * PROTO LABS INC - DEAL TO BE FUNDED WITH CASH ON HAND AND
EQUITY
AT CLOSE, AND UP TO AN ADDITIONAL $50 MILLION OF CONTINGENT
CONSIDERATION
    * PROTO LABS INC - ACQUISITION OF 3D HUBS EXPECTED TO BE
SLIGHTLY
DILUTIVE TO NON-GAAP EARNINGS PER SHARE IN 2021

Source text for Eikon:  ID:nBwbk6wVfa 
Further company coverage:  PRLB.N 

 ((Reuters.Briefs@thomsonreuters.com;))