3D Systems to Sell 3D Printing Business to Trilantic North America for Undisclosed Sum

  • Private equity firm, Trilantic North America, has agreed to acquire 3D Systems Corp’s DDD On-Demand Manufacturing business.
  • The financial terms of the transaction were not disclosed.
  • The On-Demand business provides 3D printing and custom manufacturing services.
  • The On-Demand Manufacturing company will operate under the name, QuickParts, and be led by its former SVP Ziad Abou as the CEO.
  • 3D Systems held $132.4 million in cash and equivalents as of Mar. 31, 2021.
  • Price action: DDD shares traded higher by 0.07% at $29.41 on the last check Tuesday.
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Posted In: M&ANewsTechMedia3D PrintingBriefs
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