Nov.2, 2011
3D Systems Corp. (DDD) has announced that they have acquired Huntsman Corporation’s RenShape® stereolithography print materials and its Digitalis® rapid manufacturing 3D printer product line. It costs 3D Systems $41 million in cash for this acquisition. The annual revenue of this business was $7 million in 2010, mainly from sales of RenShape® print materials.
Huntsman has been a global provider of RenShape stereolithography, a portfolio of advanced materials formulated to print durable, robust parts and prototypes accurately, with intricate reproduction of detail and a high-quality surface finish. These materials complement 3D Systems' product offering and are suitable for printing snap-fit polypropylene and ABS like parts and selectively colored medical models on 3D Systems' SLA® printers.
Digitalis is a new Microelectromechanical system (MEMS) rapid manufacturing printer currently in advanced stages of development and validation. It can manufacture large numbers of parts simultaneously at high speed accurately.
This acquisition complements 3D Systems' print materials technology and intellectual property portfolio and adds the Digitalis print engine to its printer family. 3D Systems plans to integrate these product lines into its growing rapid manufacturing and healthcare solutions portfolio. The company expects this acquisition to be immediately accretive to its net income and contribute favorably to its target operating model.
“We are pleased to deliver the benefits of Huntsman’s complementary performance print materials and printers to our customers world-wide," said Abe Reichental, President and CEO of 3D Systems. “This acquisition is consistent with our growth strategy, complements our technology and product portfolio, and is immediately accretive to our target operating model."
Source: 3D SystemsPosted in 3D Systems
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