3D printer maker, 3D Systems, recently acquired Israeli company Cimatron Ltd for $8.97 a share. The total transaction is valued at $97 million, inclusive of its net cash.
Cimatron is a leading provider in 3D CAD/CAM software products for manufacturing. These are increasingly being used by a companies around the world for their 3D production molds, tools and dies. Taking their product line into 3D Systems’ portfolio will strengthen its position in the fast-growing 3D design and manufacturing industry. ‘The acquisition is expected to be immediately accretive to 3D Systems’ cash generation and earnings per share upon its closing’ (24/7 Wall St).
The President and CEO of 3D Systems, Avi Reichental, reported that ‘We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value.’
Cimatron CEO and president, Danny Haran, said, “We are delighted to combine our leading 3D CAD/CAM software products with 3DS’ expanding design and manufacturing digital thread. We have always been focused on providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, and as part of 3DS we can substantially accelerate our progress and extend our reach and impact.”
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