Thursday, April 17, 2014

3D Systems acquires Xerox Corporation’s product design, engineering and chemistry group

The following paragraph comes from an in-depth article (about the subject reported below) that appeared in Larry Hunt’s Wide-Format News, April 2014 edition.  (You need to be a subscriber to that newsletter to read the full article.)

3D Systems and Xerox recently 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. This transaction was expected to close before the end of last year, subject to fulfillment of certain customary conditions. This agreement expands the- decade and-a-half long collaboration between the companies that has already produced 3DS’ best-selling ProJet series 3D printers. As part of this agreement, 3DS expects to add more than 100 experienced Xerox engineers and contractors who are specializing in product design and materials science to its global R&D team

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