Market Overview

3D Systems Will Buy a Portion of Xerox's Ink Engineering-Development Teams for $32.5M

Share:
Related DDD
3D Systems Upgraded At Longbow, Earnings Miss Now 'Less Likely'
Jefferies Slashes 3D Systems, Stratasys Targets On Degradation And Worse Channel Management
Stratasys Gets Upgrade On Long-Term 3-D Printer Hope (Investor's Business Daily)
Related XRX
Benzinga's Top #PreMarket Losers
Xerox Posts In-Line Q3 Earnings, But Issues Weak Forecast
Xerox: A Sick Dog With Too Many Fleas (Seeking Alpha)

3D Systems (NYSE: DDD) and Xerox (NYSE: XRX) today 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. Both companies expect the transaction to close before the end of 2013, subject to fulfillment of certain customary conditions. This agreement expands the decade and a half long collaboration between the companies, that already produced 3DS' best selling ProJet^® series 3D printers.

Posted-In: News M&A

 

Related Articles (DDD + XRX)

Get Benzinga's Newsletters