SyBridge Technologies, an industrial technology company based in Southfield, today announced it has acquired Advantage Engineering Inc., a provider of rapid prototyping and additive manufacturing solutions headquartered in Windsor, Ontario. Terms of the transaction were not disclosed.
The acquisition of Advantage enables SyBridge to offer state-of-the-art online quoting for digital rapid prototyping and additive manufacturing. This online quoting process will be a part of SyBridge Internet-of-Things (IoT) cloud — the company’s digital platform.
Advantage’s proficiencies in plastic and metal 3-D printing, aluminum tooling production, and low volume plastic injection molding build out SyBridge’s comprehensive set of industrial technology solutions. These solutions enable SyBridge to better serve customers in the fast-growing electric vehicle, life sciences, and consumer products markets.
“Advantage has been a leader in rapid prototyping throughout North America for 27 years. This acquisition will allow SyBridge to better engage with customers during the product development phase,” says Andy Aiton, president of the SyBridge Technology and Services business unit. “By utilizing a wide range of in-house capabilities and digital technologies, we can now generate an online quote within minutes and prototype parts in days.
“With the addition of bridge tooling capabilities, we can now effectively ‘bridge’ the gap between low and high production volumes for our customers. These additional capabilities will position SyBridge as the supplier of choice for the rapidly growing electric vehicle market in addition to the life sciences, consumer, and other high-growth industries.”
New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.
“Advantage helps to add a critical piece of the puzzle in SyBridge’s development into a comprehensive industrial technology solutions partner to our customers,” says Tony Nardone, CEO of SyBridge. “As a single point of contact with e-commerce and IoT services, we can reduce lead-times and improve quality to best meet our customers’ product development, low volume production, tooling, and service and repair needs.”