3D Systems (DDD) Completes $135.5M Acquisition of Z Corp., Vidar Systems; to Consolidate 3D Printer Biz

3D Systems Corporation (NYSE: DDD) has completed the acquisition of Z Corporation and Vidar Systems for $135.5 million in cash, net of cash received and subject to final closing adjustments, from Contex Group, a subsidiary of Ratos AB, a listed private equity company located in Stockholm, Sweden.

The company also announced that earlier today it consolidated its entire personal and professional 3D printer businesses into a single unit under the leadership of John Kawola, former Z Corp CEO who was named 3D Systems Vice-President and General-Manager, Personal and Professional 3D Printers business unit. The company affirmed its plans and expectations to deliver combined revenue and cost synergies in the range of $5-10 million dollars in 2012 and reiterated its expectation to incur incremental fourth quarter 2011 acquisition costs in the range of $2.7 to $3.2 million.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Masonite (DOOR) Shareholders Approve Transaction with Owens Corning (OC)
• Hawaiian Electric Industries (HE) Said To Weigh Sale Of American Savings Bank - Bloomberg
• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition