3D Systems announced that it has acquired of all shares of Cimatron Ltd. for approximately $97 million.
Cimatron offers 3D systems a complementary technology that will enhance the companys portfolio. The integration of Cimatron’s software products into 3Ds existing offerings allows the company to stake a leadership position in 3D-printing-centric advanced manufacturing. The addition of Cimatrons products to the existing line enables a seamless digital workflow between design and traditional and additive manufacturing processes.
The transaction adds complementary technology, extends 3DS’ sales coverage globally, multiplexes cross-selling opportunities.
Cimatron represents a perfect strategic fit for our business by providing expanded capabilities in product development, sales coverage and complementary technology. We believe that this combination offers unique synergies with significant long-term customer benefits and shareholder value, commented Avi Reichental, President and CEO of 3DS. We are delighted to welcome Danny Haran and his entire global team to 3DS as we complete the digital thread from design to digital fabrication.
Cimatron shareholders will receive $8.97 in cash for each ordinary share held by them as of the effective time of the merger.
With a 30 year track record of providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, it is the perfect time to become part of 3DS wher we can substantially accelerate our progress and extend our reach and impact, said Danny Haran, former CEO of Cimatron, who was named Executive Vice President and Chief Operating Officer, Software of 3DS.
As a result of the completion of the merger, the ordinary shares of Cimatron will be delisted from the NASDAQ Stock Market and deregistered under the Securities Exchange Act of 1934, or the Exchange Act. Cimatron will cease filing reports pursuant to the Exchange Act, and trading in its ordinary shares will be halted before the open of business on February 9, 2015.
For more information, visit www.3dsystems.com.
