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Slide #18. 3D Systems — Xerox's Oregon Based Solid Ink Engineering and Development Teams
3D Systems (NYSE:DDD)
Xerox's Oregon Based Solid Ink Engineering and Development Teams
3D Systems (NYSE:DDD) announced today that it completed the acquisition of Xerox's solid ink engineering and development teams and state of the art development labs and relevant patent portfolio for $32.5 million in cash. The company expects the acquisition of these highly specialized printer design and material science teams together with their labs and relevant IP to catapult its printers' development and manufacturing capabilities a full decade forward and to substantially accelerate its revenue growth-rate over time.
3D Systems provides 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, on demand manufacturing services and digital design tools. Co.'s solutions support applications in two key industry verticals: Healthcare, which includes dental, medical devices and personalized health services; and Industrial, which includes aerospace, defense, transportation and general manufacturing. Co. provides a range of 3D printers, materials, software, haptic design tools, 3D scanners and virtual surgical simulators. Co. markets its products and services in North America and South America, Europe and the Middle East and the Asia Pacific region.
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Hold (1.80 out of 4)