Google is acquiring 3D printing company Hylands, it announced Wednesday.
Hylands, founded in 2010, is best known for 3D printers that can help designers create and print 3D models for consumer products like clothing and other products.
It also provides 3D-printing software to companies like Amazon, which makes its own printers.
The company said it will focus on the printing of consumer products.
“We’re very excited to be acquiring Hylands for an unprecedented valuation of $8.5 billion,” Google CEO Sundar Pichai said in a blog post.
Pichai added that the deal is expected to close in the second half of 2019.
Hylanders is part of the larger 3D printer market, which has grown by more than 200 percent in the past five years, according to data from 3D Systems.
That’s helped make 3D design easier for companies like 3D Hub, which is currently one of the top 3D printers on the market.
Pikolai said Hylands has been in the business for more than a decade and had been growing rapidly.
“This is the first of many acquisitions in this area and we are looking forward to building on this strategic relationship with the world’s leading 3D platform,” he wrote.
The deal is subject to regulatory approval.