3D Systems Corporation (DDD) Announces Acquisition of Z Corporation & Vidar Systems for $137 Million
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3D Systems Corporation (NYSE: DDD) announced today that it has signed a definitive agreement to acquire Z Corporation and Vidar Systems for $137 million in cash from Contex Group, a subsidiary of Ratos AB, a listed private equity company located in Stockholm, Sweden.
The combination of Z Corp and Vidar products and services with 3D Systems' complementary portfolio uniquely positions 3D Systems for accelerated growth in the fast-growing 3D content-to-print space. The transaction fills 3D Systems' product performance and price gaps with complementary products and technology and doubles its reseller coverage globally. The Company stated that it expects the acquisition of Z Corp and Vidar to be immediately accretive to its cash generation and to its Non-GAAP earnings in the first full year following completion of this transaction.
3D Systems will hold a conference call and webcast to discuss its acquisition of Z Corp and Vidar, November 21, 2011 at 11:30 a.m., Eastern Time. To access this conference call, dial 1-866-770-7120 from in the U.S. or 1-617-213-8065 from outside the U.S. and enter participant code 44360829.
The combination of Z Corp and Vidar products and services with 3D Systems' complementary portfolio uniquely positions 3D Systems for accelerated growth in the fast-growing 3D content-to-print space. The transaction fills 3D Systems' product performance and price gaps with complementary products and technology and doubles its reseller coverage globally. The Company stated that it expects the acquisition of Z Corp and Vidar to be immediately accretive to its cash generation and to its Non-GAAP earnings in the first full year following completion of this transaction.
3D Systems will hold a conference call and webcast to discuss its acquisition of Z Corp and Vidar, November 21, 2011 at 11:30 a.m., Eastern Time. To access this conference call, dial 1-866-770-7120 from in the U.S. or 1-617-213-8065 from outside the U.S. and enter participant code 44360829.
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