3D Systems to Acquire Cimatron
The two companies have entered into a definitive agreement for the acquisition.
3D Systems Corp. (3DS, Rock Hill, South Carolina) and Cimatron Ltd. (Givat Shmuel, Israel) have entered into a definitive agreement for 3DS to acquire all the outstanding shares of Cimatron for a total of approximately $97 million. The transaction adds complementary products and technology and extends 3DS’ direct and reseller sales coverage globally, the company says.
Cimatron is a provider of integrated 3D CAD/CAM software products and manufacturing solutions used for 3D production molds, tools and dies in various end-use manufacturing applications. Its major product lines include CimatronE, an integrated CAD/CAM system for toolmakers and discrete parts manufacturers, and GibbsCAM, a CAM suite for programming multi-axis CNC machine tools. The addition of Cimatron software strengthens 3DS’ position in the 3D design and manufacturing industry, 3DS says.
The transaction is subject to customary closing conditions, including requisite regulatory approvals and the approval of Cimatron’s shareholders. The boards of directors of both companies have unanimously approved the proposed transaction, which the companies expect to close in the first quarter of 2015.