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Slide #13. 3D Systems — Xerox's Oregon Based Solid Ink Engineering and Development Teams
Acquirer:
3D Systems (NYSE:DDD)
Acquiree:
Xerox's Oregon Based Solid Ink Engineering and Development Teams
Details:
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, 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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