This Slide: #19 of 50 |
Slide #19. 3D Systems — Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams
Acquirer:
3D Systems (NYSE:DDD)
Acquiree:
Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams
Details:
3D Systems (NYSE:DDD) and Xerox (NYSE:XRX) today announced a transaction designed to leverage both companies' 3D printing capabilities to accelerate growth and cement leadership positions. 3D Systems entered into a definitive agreement to acquire Xerox Corporation's Wilsonville, Oregon product design, engineering and chemistry group and related assets for $32.5 million in cash. Both companies expect the transaction to close before the end of 2013, subject to fulfillment of certain customary conditions. This agreement expands the decade and a half long collaboration between the companies, that already produced 3DS' best selling ProJet series 3D printers.
3D Systems provides 3D printing and digital manufacturing solutions, including 3D printers for plastics, metals, wax and bioinks, materials, software, manufacturing services and digital design tools. Co.'s solutions support applications in two key industry verticals: Healthcare, which includes dental, medical devices, personalized health services and regenerative medicine; and Industrial, which includes aerospace, defense, transportation and general manufacturing. Co. provides its customers a range of 3D printers, materials, software, and digital design tools. Co.'s 3D printers transform digital data input generated.
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