3D Systems Completes Acquisition Deal

By Dan Radovsky – Jul 17, 2013 at 6:02PM

NYSE: DDD

3d Systems

Market Cap

$483M

Today's Change

(1.97%) $0.07

Current Price

$3.62

Price as of May 3, 2024, 4:00 p.m. ET

3D Systems adds direct metal 3D printing to its offerings with its acquisition.

3D Systems (DDD 1.97%) has closed on its acquisition of French company Phenix Systems, the American company announced.

3D Systems paid $15.1 million for 81% of the shares of Phenix Systems and will now comply with the French Markets Authority by launching a simplified takeover bid for the remaining shares and voting rights.

Phenix Systems manufactures direct metal 3-D printers that produce metal and ceramic parts from very fine powders. 3D Systems says its acquisition of Phenix strengthens its own position in the direct manufacturing industry.

"Phenix Systems is a strategic and differentiated addition to our extensive 3D content-to-print portfolio," said 3D CEO Avi Reichental in the company's statement, adding that this purchase "represents a true game changer that empowers our customers to manufacture the future."

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