3D Systems Announces Sale of Geomagic® Software Portfolio
3D Systems (NYSE:DDD) has announced the sale of its Geomagic® software portfolio to Hexagon's Manufacturing Intelligence Division for $123 million. The transaction is expected to close in the first half of 2025. Following this strategic divestiture, 3D Systems will focus on its core software platforms: 3D Sprint®, 3DXpert®, and Oqton Industrial Manufacturing OS.
The company aims to sharpen its focus on software solutions that accelerate the adoption of 3D printing technologies in large-scale production environments. This strategic shift will emphasize leveraging AI and machine learning capabilities to enhance workflows, improve productivity, reduce costs, and enhance component quality in production settings.
3D Systems (NYSE:DDD) ha annunciato la vendita del suo portafoglio software Geomagic® alla Divisione Manufacturing Intelligence di Hexagon per 123 milioni di dollari. Si prevede che la transazione si chiuda nella prima metà del 2025. A seguito di questa dismissione strategica, 3D Systems si concentrerà sulle sue piattaforme software principali: 3D Sprint®, 3DXpert® e Oqton Industrial Manufacturing OS.
L'azienda punta a rafforzare il proprio focus su soluzioni software che accelerano l'adozione delle tecnologie di stampa 3D in ambienti di produzione su larga scala. Questo cambiamento strategico enfatizzerà l'utilizzo delle capacità di intelligenza artificiale e apprendimento automatico per migliorare i flussi di lavoro, aumentare la produttività, ridurre i costi e migliorare la qualità dei componenti nelle impostazioni di produzione.
3D Systems (NYSE:DDD) ha anunciado la venta de su portafolio de software Geomagic® a la División de Inteligencia de Manufactura de Hexagon por 123 millones de dólares. Se espera que la transacción se cierre en la primera mitad de 2025. Después de esta desinversión estratégica, 3D Systems se centrará en sus plataformas de software principales: 3D Sprint®, 3DXpert® y Oqton Industrial Manufacturing OS.
La empresa tiene como objetivo agudizar su enfoque en soluciones de software que aceleren la adopción de tecnologías de impresión 3D en entornos de producción a gran escala. Este cambio estratégico enfatizará el aprovechamiento de las capacidades de IA y aprendizaje automático para mejorar los flujos de trabajo, aumentar la productividad, reducir costos y mejorar la calidad de los componentes en entornos de producción.
3D Systems (NYSE:DDD)는 Geomagic® 소프트웨어 포트폴리오를 Hexagon의 제조 인텔리전스 부문에 1억 2천3백만 달러에 판매했다고 발표했습니다. 거래는 2025년 상반기에 완료될 것으로 예상됩니다. 이 전략적 매각 이후, 3D Systems는 3D Sprint®, 3DXpert®, Oqton Industrial Manufacturing OS와 같은 핵심 소프트웨어 플랫폼에 집중할 것입니다.
회사는 대규모 생산 환경에서 3D 프린팅 기술의 채택을 가속화하는 소프트웨어 솔루션에 주목할 계획입니다. 이 전략적 전환은 AI 및 머신 러닝 기능을 활용하여 작업 흐름을 향상하고, 생산성을 높이며, 비용을 절감하고, 생산 환경에서 부품 품질을 향상시키는 데 중점을 두게 됩니다.
3D Systems (NYSE:DDD) a annoncé la vente de son portefeuille de logiciels Geomagic® à la division Manufacturing Intelligence de Hexagon pour 123 millions de dollars. La transaction devrait être finalisée au cours de la première moitié de 2025. Suite à cette cession stratégique, 3D Systems se concentrera sur ses principales plateformes logicielles : 3D Sprint®, 3DXpert® et Oqton Industrial Manufacturing OS.
L'entreprise vise à affiner son attention sur les solutions logicielles qui accélèrent l'adoption des technologies d'impression 3D dans les environnements de production à grande échelle. Ce changement stratégique mettra l'accent sur l'exploitation des capacités d'IA et d'apprentissage automatique pour améliorer les flux de travail, augmenter la productivité, réduire les coûts et améliorer la qualité des composants dans les environnements de production.
3D Systems (NYSE:DDD) hat den Verkauf seines Geomagic® Softwareportfolios an die Manufacturing Intelligence Division von Hexagon für 123 Millionen Dollar angekündigt. Es wird erwartet, dass die Transaktion in der ersten Hälfte von 2025 abgeschlossen wird. Nach dieser strategischen Veräußern wird sich 3D Systems auf seine Kernsoftwareplattformen konzentrieren: 3D Sprint®, 3DXpert® und Oqton Industrial Manufacturing OS.
Das Unternehmen strebt an, seinen Fokus auf Softwarelösungen zu schärfen, die die Einführung von 3D-Drucktechnologien in großangelegten Produktionsumgebungen beschleunigen. Dieser strategische Wandel wird die Nutzung von KI- und maschinellen Lernfähigkeiten betonen, um Arbeitsabläufe zu verbessern, die Produktivität zu steigern, Kosten zu senken und die Qualität der Komponenten in der Produktion zu erhöhen.
- Sale of Geomagic portfolio for $123 million strengthens balance sheet
- Strategic focus on core software platforms aligned with production-scale 3D printing
- Partnership with Baker Hughes to develop digital ecosystem for regulated industries
- Divestment of established revenue-generating Geomagic software portfolio
- Transaction closure delayed until first half of 2025
Insights
The
The strategic realignment towards AI-enhanced manufacturing software and production-focused solutions positions 3D Systems to capture higher-value opportunities in the industrial 3D printing market. This move could improve operational efficiency and potentially lead to better margins by concentrating R&D investments in core growth areas.
This strategic realignment marks a significant shift in 3D Systems' software strategy, focusing on production-scale additive manufacturing solutions rather than traditional reverse engineering tools. The partnership with Baker Hughes and emphasis on AI-driven manufacturing optimization indicates a clear pivot toward high-value industrial applications. By concentrating on 3DXpert, 3D Sprint and Oqton platforms, the company is positioning itself to better serve the growing demand for production-grade 3D printing solutions in regulated industries like aerospace, healthcare and energy.
The sale to Hexagon makes strategic sense as Geomagic's scan-to-CAD capabilities align better with Hexagon's metrology and scanning expertise, while allowing 3D Systems to focus on its core competency in additive manufacturing software.
- 3D Systems to sell Geomagic® reverse engineering, design, and inspection software portfolio to Hexagon for
$123 million , with closure anticipated in first half of 2025 - Company will sharpen its focus on software solutions that accelerate adoption of 3D printing technologies in large-scale, production application environments
- Focus to be on expansion of capabilities of market-leading platforms, 3D Sprint® and 3DXpert® for polymer and metal printing technologies by leveraging AI and machine learning to deliver improved workflows, higher productivity, reduced costs and improved component quality in production environments
- Oqton Industrial Manufacturing OS to focus on critical industrial applications, leveraging partnership with Baker Hughes to develop digital ecosystem for highly-regulated industries such as energy and healthcare
ROCK HILL, S.C., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Following a strategic review of the Company’s software investment strategy, 3D Systems (NYSE:DDD) today announced that it has signed a definitive agreement to sell its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, combining sensor, software, and autonomous technologies, for
Following the divestiture, 3D Systems will focus on its software platforms that are core to customer adoption and application of its 3D printing technologies. These specifically include 3D Sprint, 3DXpert, and Oqton Industrial Manufacturing OS, each of which bring unique value to customers targeting large-scale, production applications. By concentrating development resources on these platforms, 3D Systems believes it can accelerate its strategic software development efforts and augment its product offerings to empower customers to unlock the full potential of AM. This focus is particularly important in order to increasingly leverage the capabilities of AI and machine learning, as these powerful new tools become more accessible to companies targeting, high-reliability production environments and other critical industrial settings. By focusing on these high-ROI, mission-critical software offerings, the Company will better enable the widespread adoption of additive manufacturing significantly enhancing customer and shareholder value.
3DXpert and 3D Sprint are core to the company’s metal and polymer additive manufacturing solutions respectively. 3DXpert is renowned as a production-grade additive manufacturing software solution that combines design for additive manufacturing (DfAM), build preparation simulation and inspection in a single environment. This enables shorter design-to-manufacture lead times, optimized design structure, and reduced manufacturing costs. The solution automates repetitive tasks and inspection through the power of AI and machine learning to drive efficiency, repeatability, and quality. 3D Sprint is exclusive software from 3D Systems for preparing and optimizing CAD and polygon data and managing the additive manufacturing process for its polymer 3D printing technologies. The Company’s software engineers developed this solution to support file preparation to production in the same software environment with an easy-to-use interface to maximize efficiency and avoid costly errors, saving customers both time and money. Continued innovation alongside experts within 3D Systems’ Application Innovation Group (AIG) and print process team has enabled a variety of segment-specific workflows to address challenging applications. By focusing additional investment in 3DXpert and 3D Sprint, the Company will be able to place greater emphasis on its R&D efforts to deliver enhanced capabilities that will enable its customers to propel their innovation and address a broader range of applications.
Integral to 3D Systems’ software strategy is the Company’s Oqton Industrial Manufacturing OS that helps customers move from prototyping to a repeatable and high-quality production additive manufacturing process. Through the power of AI, Manufacturing OS is intended to manage, optimize, automate, and prepare actions and data to increase throughput, scale production, and maximize operational efficiency. In early 2023, 3D Systems and Baker Hughes began a formal collaboration on this solution. The goal of this effort is to develop an industrial digital ecosystem that increases efficiency and facilitates regulatory compliance to transform how manufacturers bring their products to market in highly regulated industries such as energy, aerospace, and healthcare.
“The additive manufacturing (AM) industry is rapidly evolving, and we believe there are significant opportunities to drive innovation that is critical to the wide-spread adoption of 3D printing in production environments,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “While advanced printing hardware and engineering materials are essential to the new applications that are of most interest to our customers, software is equally important to the mass adoption of the technology. As the company that commercialized the first 3D printing technology nearly four decades ago and has the most extensive experience in mass production of custom components, 3D Systems is well-positioned to be a leader in moving AM from the lab to the factory floor. The changes we’re announcing today will sharpen our focus on those software platforms that are most critical to our customers’ success in this new-use environment. 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.”
Dr. Graves concluded, “For those thousands of loyal Geomagic customers who have been essential to our growth, we believe that Hexagon is an ideal strategic owner for these assets and that the future will be bright under their stewardship. For 3D Systems’ stakeholders, this transaction leaves the Company very well-positioned for the future, with the broadest technology base in the industry, the scale needed to support our customers in production environments, and a fortified balance sheet to continue driving our industry leading innovation.”
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.
About 3D Systems
More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.
Investor Contact: investor.relations@3dsystems.com
Media Contact: press@3dsystems.com
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