3D Systems to Acquire Cimatron
January 1, 2015
3D Systems Corporation (3DS) and Cimatron Ltd. have announced a definitive agreement under which 3DS will acquire all of the outstanding shares of Cimatron.
"The combination of Cimatron's products with 3DS' portfolio strengthens 3DS' position in the fast-growing 3D design and manufacturing space," said a spokesperson. "The transaction adds complementary products and technology and extends 3DS' direct and reseller sales coverage globally. 3DS management expects the acquisition of Cimatron to be immediately accretive to its cash generation and to its Non-GAAP earnings per share upon closing."
"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," commented Avi Reichental, President and CEO of 3DS.
Cimatron is a provider of integrated 3D CAD/CAM software products and technology for manufacturing. According to the spokesperson, Cimatron's products are used by a growing number of companies worldwide for their 3D production molds, tools and dies in a wide variety of functional end-use manufacturing applications. It has two major product lines, CimatronE and GibbsCAM. CimatronE, an integrated CAD/CAM product for toolmakers and manufacturers of discrete parts, provides full associativity across the manufacturing process from quoting, through design and up to delivery. GibbsCAM offers simple to use technology for programming multi-axis CNC machine tools.
"We are delighted to combine our leading 3D CAD/CAM software products with 3DS' expanding design and manufacturing digital thread," said Danny Haran, CEO of Cimatron. "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."
For more information contact:
3D Systems Corporation
333 Three D Systems Circle
Rock Hill, SC 29730
803-326-3900
geomagic.sales.americas@3dsystems.com
www.3dsystems.com
Cimatron Ltd.
info@cimatron.com
www.cimatron.com
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