3D Systems Corporation (NYSE:DDD) signed a partnership agreement with ScanSource, Inc. (NASDAQ: SCSC) to expand its distribution footprint.
An industry leader in the 3-D printing sector, 3D Systems Corporation (NYSE:DDD) provides 3D printing centric design-to-manufacturing solutions such as 3D printers, print materials and cloud-sourced, on-demand custom parts in different materials including ceramics, edibles, metals and plastics for consumers and professionals. The company also offers a wide range of products designed for the aerospace, automotive, healthcare and manufacturing sectors.
Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More
ScanSource, Inc. (NASDAQ:SCSC) is one of the leading value-added distributors of specialty technology products in international markets. Its new technologies team is dedicated to the sale and support of 3D printing solutions. The company believes that the reseller channel is ready to embrace the new solutions offered by the 3D market and bring them to a variety of vertical markets.
Right time for value-added distribution
In a statement, Mike Baur, chief executive officer of ScanSource, Inc. (NASDAQ:SCSC), said the company has been evaluating the 3D market for a significant amount of time, and he believes that now is the right time for valued-added distribution of 3D technology and solutions because they are already attractive to a broader end-user market and the reseller channel is starting to develop.
Baur said, “We look forward to delivering 3D printing solutions to our resellers and are excited to have 3D Systems as a partner, as they are a leader in the market.” He added that ScanSource, Inc. (NASDAQ:SCSC) ensures that all its business offerings, products and associated services are in line with its business model.
ScanSource expands 3D System’s target markets
For his part, Avi Reichental, president and CEO of 3D Systems Corporation (NYSE:DDD),said the company’s partnership with ScanSource, Inc. (NASDAQ:SCSC) will help expand its presence in its target markets.
“ScanSource brings scalable field coverage together with a unique model of training expertise and experienced field resources that support its growing reseller network, substantially expanding our addressable markets and access to new use cases,” said Reichental.
He added, “We are thrilled to partner with a distributor of the caliber, size and demonstrated performance of ScanSource.”
3D Systems, Inc. (NYSE:DDD) previously announced that it shipped more than 100 fab-grade 3D printers including Stereolithography (SLA), Selective Laser Sintering (SLS) and Multi-Jet-Printing (MJP) printers to the aerospace manufacturing industry.