November 21, 2017 / 3:13 PM / a month ago

BRIEF-Proto Labs reaches deal to buy Rapid for aggregate purchase price of $120 mln ​

Nov 21 (Reuters) - Proto Labs Inc:

* Proto Labs reaches agreement to acquire Rapid, expands services with sheet metal fabrication

* ‍Under terms of agreement, Proto Labs will acquire Rapid for an aggregate purchase price of $120 million​

* Rapid’s 2017 annual revenue is forecasted to be approximately $45 million​

* ‍Purchase price of $120 million consists of $110 million in cash and $10 million in Proto Labs stock​ Source text for Eikon: Further company coverage:

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