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-Complementary combination enhances 3D authoring platform, creates value and delivers better, more affordable customer experience
-Expected to be accretive to non-GAAP earnings in the first full year following completion of transaction
ROCK HILL, S.C., Jan. 3, 2013 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today that it has signed a definitive agreement to acquire Geomagic, Inc., a leading global provider of 3D authoring solutions including design, sculpt and scan software tools that are used to create 3D content and inspect products throughout the entire design and manufacturing process. This acquisition is subject to customary closing conditions, and is expected to close during the first quarter of 2013, after those conditions are met. Terms of the transaction were not disclosed.
The combination of Geomagic's powerful sculpting, modeling, scanning and inspecting software tools with 3D Systems' portfolio strengthens its 3D authoring platform and positions the company for accelerated growth in the fast-growing, 3D content-to-print space. The transaction adds complementary products and technology, increases the company's reseller coverage globally and is expected to be accretive to its non-GAAP earnings in the first full year following the completion of transaction.