3D Systems to acquire Geomagic
3D Systems has signed a definitive agreement to acquire Geomagic, a global provider of 3D authoring solutions including design, sculpt and scan software tools used to create 3D content and inspect products throughout the entire design and manufacturing process. Subject to customary closing conditions, the acquisition is expected to close during the first quarter of 2013. Terms of the transaction were not disclosed.
‘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,’ said Abe Reichental, president and CEO, 3D Systems. ‘Our complementary capabilities in product development, channel coverage and marketing combined with greater efficiencies are sure to result in more affordable and user friendly solutions.
‘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.’
Ping Fu, founder and CEO of Geomagic, added: ‘We have worked with 3D Systems for many years to accelerate adoption of 3D content-to-print solutions and believe that now is the right time to combine our efforts to further democratise access to design and 3D printing. Joining 3D Systems provides us with the scale, resources and strategic platform to realise 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.’