3D Systems acquired Geomagic, Inc. for $52.687 million (net of cash), a transaction completed in February 2013, structured as Stock purchase (100%), all cash.
Geomagic, Inc. operates in Products and Services, is based in United States (Research Triangle Park, NC). Leading global provider of 3D authoring solutions including design, sculpt and scan software tools used to create 3D content and inspect products throughout the entire design and manufacturing process.
Build out a comprehensive 3D authoring software platform spanning design through inspection.
Integrated into the Company; revenue in products and services revenue.
Geomagic represents the perfect strategic fit for us and we will be thrilled to welcome 3D pioneer and Geomagic Founder and CEO Ping Fu as our Chief Strategy Officer once the deal has closed.Abe Reichental, President and CEO, 3D Systems
Joining 3D Systems provides us with the scale, resources and strategic platform to realize our shared vision of delivering functional, affordable and extensible 3D authoring solutions for the benefit of professional designers and engineers, as well as the exciting maker's movement.Ping Fu, Founder and CEO of Geomagic
Advisory firms were not disclosed for this transaction.