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

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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: M&A News

 

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