Danish 3D printing company Damvig A/S has been acquired by Prototal AB, Sweden’s most prominent supplier of 3D printing services. According to the companies, the acquisition will result in a stronger market position for Prototal within Northern Europe and help to promote the adoption and proliferation of additive manufacturing in the region.
Founded in 1995 by siblings Jesper and Susanne Damvig, Damvig has become recognized as one of the most experienced 3D printing firms in Denmark and its surrounding region. Over the years, the company has also prided itself on staying up to date with new AM technologies—a factor which has enabled the company to experience annual sales increases of 20% over the past four years. Today, the company operates a range of AM platforms, including SLA, SLS, FDM and PolyJet.
Prototal AB, for its part, is one of Sweden’s leading companies in the realm of polymer 3D printing. The company offers prototyping and series production services using 3D printing and other more traditional processes like injection molding. The company currently employs 175 people across five locations and has a turnover over of roughly $49.5 million.
By acquiring Damvig, Prototal is consolidating and strengthening its position in the Scandinavian 3D printing market and specifically in the polymer 3D printing market. Prototal now encompasses a much broader offering for 3D printing in the Northern European market.
Though the full terms of the acquisition have not been disclosed, we know that Damvig’s co-founders will continue working for the company and the company will continue its operations under the name Damvig A/S at its facility in Taastrup, Copenhagen.
Damvig expects its existing clients will benefit from the acquisition by Prototal through access to a much broader product and technology platform and increased service levels (i.e. faster delivery). Damvig believes that the acquisition by Prototal will lead to further growth in coming years.