3D Printing Stocks M&A » By The Online Investor Staff, updated Mon., Jul. 4, 11:58 AM
Recent mergers and acquisitions in the 3D Printing Stocks M&A category.
| 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 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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Avg. Broker Rec.
 
|
Hold (1.80 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: DDD Stock Forecast Based on Zacks ABR data; powered by Xignite |
