In what becomes its fourth acquisition in the last month, 3D Systems (NYSE:DDD) announced today it has acquired privately held 3-D modeling provider Gentle Giant Studios. Financial terms were not disclosed.
In addition to an array of modeling solutions in the entertainment and toy industries, Gentle Giant gives 3D Systems access to an impressive list of existing clients and character licenses to manufacture toys and other collectibles, according to 3D Systems. 3D Systems noted that Gentle Giant's franchise properties include brands such as Harry Potter, Star Wars, and The Walking Dead, among others. Gentle Giant also provided 3-D modeling and related services on feature films including Avengers, The Amazing Spiderman, and MIB II.
3D Systems said in its statement that it intends to "immediately leverage Gentle Giant Studios technology and vast library of digital content into its consumer platform and extend its existing brand relationships."
President and CEO of 3D Systems Avi Reichental added, "Gentle Giant Studios catapults 3DS's consumer platform forward with highly curated, licensed characters, content publishing know-how and first-mover experience for the benefit of leading toy companies, movie studios and their merchandising divisions."
Last month, 3D Systems announced acquisitions of Village Plastics Co., Figulo Corp., and the product design, engineering, and chemistry group of Xerox. Other acquisitions over the past half-year include Sugar Labs, TeamPlatform, and CRDM.
Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of 3D Systems and has the following options: short January 2014 $20 puts on 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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