Peak Technology, a provider of rapid prototyping and advanced manufacturing solutions to the semiconductor, biomedical, aerospace, and other deep tech industries, announced it has approved a definitive agreement to acquire all the IP and assets of former 3D printer technology company Type A Machines.
With this deal augmenting a broad range of custom engineering, fabrication, assembly, and integration services, Peak Technology will improve its position as an Original Equipment Manufacturer (OEM) capable of providing design, prototyping, and manufacturing solutions to global manufacturers of high-tech products and equipment.
This acquisition is complementary to Peak Technology’s portfolio of products and services and will enable the company to enter CY25 as the only supplier to offer a full spectrum and comprehensive suite of Additive Manufacturing (AM) services. Along with complementing Peak’s state-of-the-art Subtractive Manufacturing (CNC machining) capabilities, pre-AM, in situ-AM, and post-AM processes such as the material selection, forming, fabricating, machining, and assembling of highly engineered plastics-based components, assemblies and subsystems, provide one of a kind productization and realization solutions to OEMs around the world.
KEY QUOTES:
“By adding 3D printing services and product technology to our corporate portfolio, we are making a statement to the industry that we have a world-class production system specifically designed to address the product development and manufacturing challenges faced by our customers as they navigate the ever changing requirements of the 4th Industrial Revolution. 3D printing, also known as Additive Manufacturing, will be the catalyst that drives Peak Technology to expand into new markets and continue to hit the key objectives mandated by our strategic growth plan.”
– Robert de Neve, COO & Head of Corporate Venture for Peak Technology
“I am very excited about this addition to our capabilities. Our focus on continuous adaptation and innovation highlights our commitment to address the evolving needs of our customers.”
– Sharon Woo, Founder and Chief Executive Officer of Peak Technology
