April 16, 2014
3D Systems Wednesday said it has agreed to acquire Robtec, the largest Latin-American additive manufacturing service bureau and the leading 3D printing and scanning products distributor headquartered in Sao Paulo, Brazil.
Under the terms of the definitive agreement, 3DS will acquire 70% of the shares of Robtec at closing and the remainder of the shares on the 5(th) anniversary of the closing. The financial terms of the transaction were not disclosed.
The acquisition is expected to expand 3DS' global Quickparts service offerings reach in Latin America and incorporate 3DS' Latin American 3D printer reseller channel activities with locations in Brazil, Argentina, Chile, Uruguay and Mexico.
3D Systems expects the transaction to be immediately accretive to cash generation, and to contribute to its non-GAAP earnings per share within the first 12 months after closing.
Immediately after closing, the company plans to transform Robtec operations into 3D Systems Latin America and expand its offerings to include 3DS' entire range of 3D design and manufacturing solutions throughout the region.
The transaction is expected to be completed within the next 90 days.
Posted in 3D Printing Company
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