SyBridge Technologies To Acquire Assets of Fast Radius

Sybridge Technologies, a global enterprise which builds up and integrates smaller tooling and injection molding companies, has recently announced that its wholly owned subsidiary, SyBridge Digital Solutions LLC, has acquired certain assets of Fast Radius Inc. The acquisition is the fourteenth of Sybridge since its establishment in 2019, and represents a sale process under Section 363 of the U.S. Bankruptcy code. The deal of approximately $15.9 million is expected to be ratified by the end of 2022.

Fast Radius was founded in 2017, headquartered in Chicago with offices in Atlanta, Louisville, and Singapore, and microfactories in Chicago and at the UPS Worldport facility in Louisville, KY. Meanwhile, Sybridge Technologies was established in 2019 by New-York based Crestview Partners, a private equity firm. The firm invests in promising projects in partnership with industry entrepreneurs, and put 200 million USD towards SyBridge Technologies. This funding was used to develop the status of the latter as a provider of value added manufacturing solutions.

Fast Radius is a service provider for 3D printing, including the production of metal parts (Photo credit: Fast Radius)

Fast Radius offers software applications and streamlined manufacturing solutions with its Fast Radius Cloud Manufacturing Platform™, as well as being a service provider for 3D printing (DLS, HP MJF, Stratasys FDM, SLA) and CNC machining, injection molding and urethane casting. It initially went public with a total value of $1.4 billion. SyBridge Technologies does not directly work in additive manufacturing; its role is to build up and integrate tooling and injection molding companies (which can and does of course include 3D printing services such as Fast Radius).