Jan.3, 2012

3D Systems Corporation announced today that it has completed the acquisition of Z Corporation ("Z Corp") and Vidar Systems ("Vidar") for $135.5 million in cash.

The company also announced that earlier today that its entire personal and professional 3D printer businesses are consolidated into a single unit under the leadership of John Kawola, former Z Corp CEO who was named 3D Systems Vice-President and General-Manager, Personal and Professional 3D Printers business unit. The company affirmed its plans and expectations to deliver combined revenue and cost synergies in the range of $5-10 million dollars in 2012 and reiterated its expectation to incur incremental fourth quarter 2011 acquisition costs in the range of $2.7 to $3.2 million.

Source: 3dsystems


Posted in 3D Systems

 

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