conditions are met. Financial terms of the transaction were not disclosed.
Adding Geomagic’s software tools for sculpting, model- ing, scanning and inspecting will be complementary with 3D Systems’ portfolio, strengthening its 3D authoring platform and positioning it for accelerated growth in the fast-growing, 3D content-to-print space, according to 3D Systems. The deal also will increase the company’s reseller coverage globally and is expected to be accretive to its non-GAAP earnings in the first full year following the completion of transaction. “Geomagic represents the perfect strategic fit for us and we will be thrilled to welcome 3D pioneer and Geomagic Founder and CEO Ping Fu as our Chief Strategy Officer once the deal has closed,” Abe Reichental, 3D Systems president and CEO, said in a statement. “Our complementary capabili- ties in product development, channel coverage and marketing combined with greater efficiencies are sure to result in more affordable and user-friendly solutions that will delight our
customers and could present attractive long-term shareholder value. In line with that, we intend to expand the range of our 3D authoring solutions further into new manufacturing and consumer applications and concurrently maintain and enhance the existing Geomagic and Rapidform product lines.” Last April, Geomagic expanded its technology with the ac-
quisition of Sensable Technologies (Wilmington, MA), a devel- oper of touch-enabled haptic feedback tools used by engineers creating 3D designs for the automotive and medical industries. “We have worked with 3D Systems for many years to acceler-
ate adoption of 3D content-to-print solutions and believe that now is the right time to combine our efforts to further democratize access to design and 3D printing,” Ping Fu, founder and CEO of Geomagic, said in a statement. “Joining 3D Systems provides us with the scale, resources and strategic platform to realize our shared vision of delivering functional, affordable and extensible 3D authoring solutions for the benefit of professional designers and engineers, as well as the exciting maker’s movement.”
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