Voxeljet Acquires Propshop

(RTTNews) - voxeljet AG (VJET) said Thursday that it has completed the acquisition of all outstanding shares of Propshop (Model Makers) Ltd.

Terms of the deal were not disclosed.

Propshop is a physical and digital asset production company primarily focused on building props for the entertainment industry. Propshop is based at Pinewood Studios in London, England. In addition to manufacturing physical props, Propshop provides specialized 3D modelling and scanning facilities. Propshop's clients include Warner Bros., Universal Pictures, Sony Pictures, Disney and BBC Films. Propshop contributed to such films as Zero Dark Thirty, Skyfall and The Dark Knight Rises.

Propshop will become voxeljet UK, a wholly-owned subsidiary of the company, and will continue to support the film and entertainment industry, as well as the broad, growing consumer market for on-demand 3D printing services. Propshop's operating results will be included in voxeljet's Services segment going forward.

James Enright, founder and CEO of Propshop, joins voxeljet as Managing Director of voxeljet UK and Vice President for Consumer Markets and will report directly to voxeljet's Management Board.