3D Systems Corporation (NYSE:DDD) shares jumped 1.61% to $48.56 on Thursday after the company announced the acquisition of Laser Reproductions. Terms of the deal, which was completed on Wednesday, were not disclosed. Laser Reproductions has more than three decades of experience in advanced manufacturing service bureau. 3D Systems said the acquisition would be accretive to its non-GAAP earnings in the coming 12 months.

3D Systems

Laser Reproductions has long-standing relations with 3D Systems

The 3D printing company said the deal will help expand its Quickparts operations in the United States. The Rock Hill-based company acquired Quickparts in 2011. Quickparts offers customized 3D prototypes to consumers on demand. 3D Systems hopes the acquisition will provide it with further know-how, expertise and strategic relationships in the industry.

Headquartered in Columbus, Ohio, Laser Reproductions has significant manufacturing capabilities and strong relationships with many regional blue chip companies. Laser Reproductions president Paul Bordner said his company had relied on 3D Systems for software, hardware and services for years. Announcement of this deal comes just days after 3D Systems purchased Symbionix for $120 million. Simbionix is a leader in healthcare 3D printing.

3D Systems scouring for big-ticket deals

3D Systems has been on an acquisition spree. Earlier this year, the company bought Medical Modeling, a provider of 3D printed imaging products and implants. In May, 3D Systems raised $317 million in a secondary offering. Analysts believe a large chunk of that sum will be used on strategic acquisitions. Despite its aggressive deals, the company failed to improve the Wall Street with its second-quarter results.

On July 31, 3D Systems shares plunged 10.6% after the company reported Q2 revenue of $151.5 million and Net income of $2.1 million or 2 cents a share. Though its sales rose 25% YoY, it was 6.6% below the consensus estimates. EPS was also below the analysts’ expectation of 10 cents. 3D Systems stock is still down 47.17% year-to-date.

3D Systems has partnered with Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) for Project Ara, a modular smartphone that will let users customize their device. It would require 3D printed components. However, Imperial Capital believes Ara is unlikely to have any major impact on 3D Systems’ near-term earnings.