Hexagon to Aquire 3D Systems Software Suite
Summary
3D Systems plans to sell its Geomagic 3D scanning software suite to Hexagon AB for $123 million as the additive manufacturing company looks to streamline its product offering and add more cash to its balance sheet. This, among other use cases, provides quick additive capability to replace parts that don’t warrant bulk purchases and accompanying storage and maintenance costs. 3D Systems President and CEO Jeffrey Graves says the sale is part if his company’s efforts to focus on technologies that will make additive manufacturing more attractive to industrial users. “By streamlining our software operations, focusing exclusively on our core platforms, and leveraging the exceptional capabilities that AI is now making available to us, we will be better positioned to support our customers’ most critical requirements as they move 3D printing into high-volume production environments,” Graves said. “The combination of Geomagic and our existing solutions will further strengthen our market leadership in 3D metrology and reengineering, demonstrating our commitment to deliver increasingly user friendly tools capable of executing complex tasks…” says Norbert Hanke, Hexagon’s interim President and CEO.