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Slide #15. 3D Systems — Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams
3D Systems (NYSE:DDD)
Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams
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 is a holding company. Through its subsidiaries, Co. provides 3D printing solutions, including 3D printers for plastics and metals, materials, software, on demand manufacturing services and digital design tools. Co.'s solutions support applications in a range of industries and verticals, including healthcare, aerospace, automotive and durable goods. Co.'s healthcare capabilities include simulation, Virtual Surgical Planning (VSP®), and printing of medical and dental devices, models, and surgical guides and instruments. Co. provides 3D printing technologies including Stereolithography, Selective Laser Sintering, Direct Metal Printing, MultiJet Printing and ColorJet Printing.
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Hold (1.83 out of 4)