3D Systems has completed its acquisition of all shares of Cimatron Ltd. for approximately $97 million, inclusive of Cimatron's net cash. The integration of Cimatron's software products into the company's portfolio strengthens 3DS' leadership position in 3D-printing-centric advanced manufacturing by enabling a seamless digital workflow between design and traditional and additive manufacturing processes.
"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."
Cimatron is a leading provider of integrated 3D digital fabrication software for manufacturing. Cimatron's products are used by a growing number of companies worldwide for their 3D production molds, tools and dies in a wide variety of functional end-use manufacturing applications.
With two world renowned products, CimatronE and GibbsCAM®, Cimatron provides powerful digital fabrication tools for key manufacturing operations. CimatronE is an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process from quoting, through design and up to delivery.
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