3D print maker, 3D Systems (3DS), has acquired the Israeli design software maker Cimatron for a reported $97 million to strengthen its position in the fast-growing 3D design and manufacturing space.
Cimatron is a leading provider of integrated 3D CAD/CAM software products and solutions for manufacturing and its products are used by companies worldwide for their 3D production molds and tools in a wide variety of functional end-use manufacturing applications. The company is ranked among the top six CAD/CAM suppliers in every global region.
“We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value,” said Avi Reichental, President and CEO of 3DS.
“We are delighted to combine our leading 3D CAD/CAM software products with 3DS’ expanding design and manufacturing digital thread,” said Danny Haran, CEO of Cimatron. “We have always been focused on providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, and as part of 3DS we can substantially accelerate our progress and extend our reach and impact.”
The companies expect the transaction to close in the first quarter of 2015.
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