3D Systems will acquire Cimatron for a total of approximately US$97 million, inclusive of its net cash.
The combination of Cimatron’s products with 3DS’ portfolio is expected to strengthens 3DS’ position in the fast-growing 3D design and manufacturing space. The transaction adds complementary products and technology and extends 3DS’ direct and reseller sales coverage globally.
3D Systems Asia-Pacific head office is based in Hawthorn, Victoria.
“We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value,” commented Avi Reichental, President and CEO of 3DS.
Cimatron is a provider of integrated 3D CAD/CAM software products and solutions for manufacturing. Cimatron’s products are used by a companies for their 3D production molds, tools and dies in a variety of functional end-use manufacturing applications.
With two major product lines, CimatronE and GibbsCAM, Cimatron caters to all manufacturing sectors.
CimatronE is an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process from quoting, through design and up to delivery. GibbsCAM offers solutions for programming multi-axis CNC machine tools.
“We are delighted to combine our leading 3D CAD/CAM software products with 3DS’ expanding design and manufacturing digital thread,” said Danny Haran, CEO of Cimatron.
“We have always been focused on providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, and as part of 3DS we can substantially accelerate our progress and extend our reach and impact”.