3D Systems (NYSE:DDD) announced today that it has closed its acquisition of Phenix Systems, a manufacturer of Direct Metal Selective Laser Sintering 3D Printers based in Riom, France.
The company paid $15.1 million for 81% of the share capital and will immediately launch a simplified take-over bid process in accordance with the French Markets Authority on the remaining shares and voting rights.
Phenix Systems is a strategic and differentiated addition to 3D Systems' 3D content-to-print portfolio.
Phenix Systems designs, manufactures and sells proprietary Direct Metal 3D Printers that can print chemically pure fully dense metal and ceramic parts from very fine powders with the granularity of 6 to 9 microns. Materials include stainless steel, tool steel, super alloys, non-ferrous alloys, precious metals and alumina for a variety of aerospace, automotive and patient specific medical device applications.
Posted in 3D Printing Company
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