3D Systems Completes Sale of Geomagic Software Portfolio
3D Systems (NYSE:DDD) has completed the sale of its Geomagic® software portfolio to Hexagon's Manufacturing Intelligence Division for $123 million, expecting net proceeds of approximately $100 million. The transaction strengthens the company's balance sheet and allows focus on core additive manufacturing software platforms.
The company will concentrate on advancing its key software solutions: 3D Sprint®, 3DXpert®, and Oqton Industrial Manufacturing OS. 3D Systems plans to enhance these platforms by leveraging artificial intelligence and automation to accelerate 3D printing adoption in high-volume production environments.
3D Systems (NYSE:DDD) ha completato la vendita del suo portafoglio software Geomagic® alla Divisione Manufacturing Intelligence di Hexagon per 123 milioni di dollari, prevedendo ricavi netti di circa 100 milioni di dollari. La transazione rafforza il bilancio dell'azienda e consente di concentrarsi sulle piattaforme software di produzione additiva core.
L'azienda si concentrerà sul miglioramento delle sue soluzioni software chiave: 3D Sprint®, 3DXpert® e Oqton Industrial Manufacturing OS. 3D Systems prevede di potenziare queste piattaforme sfruttando l'intelligenza artificiale e l'automazione per accelerare l'adozione della stampa 3D in ambienti di produzione ad alto volume.
3D Systems (NYSE:DDD) ha completado la venta de su portafolio de software Geomagic® a la División de Inteligencia de Manufactura de Hexagon por 123 millones de dólares, esperando ingresos netos de aproximadamente 100 millones de dólares. La transacción fortalece el balance de la empresa y permite enfocarse en las plataformas de software de manufactura aditiva clave.
La empresa se concentrará en avanzar sus soluciones de software clave: 3D Sprint®, 3DXpert® y Oqton Industrial Manufacturing OS. 3D Systems planea mejorar estas plataformas aprovechando la inteligencia artificial y la automatización para acelerar la adopción de la impresión 3D en entornos de producción de alto volumen.
3D Systems (NYSE:DDD)는 Geomagic® 소프트웨어 포트폴리오를 Hexagon의 제조 지능 부서에 1억 2300만 달러에 판매를 완료했으며, 약 1억 달러의 순수익을 예상하고 있습니다. 이번 거래는 회사의 재무 상태를 강화하고 핵심 적층 제조 소프트웨어 플랫폼에 집중할 수 있게 합니다.
회사는 주요 소프트웨어 솔루션인 3D Sprint®, 3DXpert® 및 Oqton Industrial Manufacturing OS의 발전에 집중할 것입니다. 3D Systems는 인공지능과 자동화를 활용하여 대량 생산 환경에서 3D 프린팅 채택을 가속화할 계획입니다.
3D Systems (NYSE:DDD) a finalisé la vente de son portefeuille logiciel Geomagic® à la division Manufacturing Intelligence de Hexagon pour 123 millions de dollars, s'attendant à des produits nets d'environ 100 millions de dollars. La transaction renforce le bilan de l'entreprise et permet de se concentrer sur les plateformes logicielles de fabrication additive essentielles.
L'entreprise se concentrera sur l'avancement de ses principales solutions logicielles : 3D Sprint®, 3DXpert® et Oqton Industrial Manufacturing OS. 3D Systems prévoit d'améliorer ces plateformes en tirant parti de l'intelligence artificielle et de l'automatisation pour accélérer l'adoption de l'impression 3D dans des environnements de production à volume élevé.
3D Systems (NYSE:DDD) hat den Verkauf seines Geomagic® Software-Portfolios an die Manufacturing Intelligence Division von Hexagon für 123 Millionen Dollar abgeschlossen und erwartet Nettoerlöse von etwa 100 Millionen Dollar. Die Transaktion stärkt die Bilanz des Unternehmens und ermöglicht es, sich auf die Kernplattformen der additiven Fertigungssoftware zu konzentrieren.
Das Unternehmen wird sich darauf konzentrieren, seine Schlüsselsoftwarelösungen 3D Sprint®, 3DXpert® und Oqton Industrial Manufacturing OS weiterzuentwickeln. 3D Systems plant, diese Plattformen durch den Einsatz von Künstlicher Intelligenz und Automatisierung zu verbessern, um die Einführung des 3D-Drucks in Produktionsumgebungen mit hohem Volumen zu beschleunigen.
- Sale of Geomagic portfolio brings $123M in gross proceeds
- Expected net proceeds of $100M to strengthen balance sheet
- Strategic focus on core additive manufacturing software platforms
- Planned investment in R&D and core platforms for profitable organic growth
- Divestment of established software portfolio may impact existing revenue streams
Insights
This divestiture of the Geomagic software portfolio for
What's particularly noteworthy is how this transaction transforms 3D Systems' financial flexibility. With the company's stock trading at
From a strategic finance perspective, divesting non-core assets at
The transaction multiple isn't disclosed, but given 3D Systems' overall valuation, the sale price suggests management negotiated favorable terms. This cash-rich position also provides optionality for potential bolt-on acquisitions that could strengthen their remaining software platforms or even for share repurchases if management believes the stock is undervalued.
This strategic divestiture marks a decisive pivot toward concentration rather than diversification in 3D Systems' software portfolio. By shedding the Geomagic tools while retaining 3D Sprint, 3DXpert, and the Oqton Industrial Manufacturing OS, the company is making a calculated bet on production-oriented software platforms rather than maintaining a broader portfolio that includes design and metrology tools.
The technological strategy here appears focused on vertical integration of the additive manufacturing workflow specifically for production environments. By explicitly mentioning AI and automation as future development priorities, management is signaling a shift toward solving the highest-value problems in additive manufacturing: scaling for production volumes and improving economics through workflow automation.
This refocused software strategy addresses one of additive manufacturing's persistent challenges - the fragmentation of workflow tools that has historically complicated adoption in production environments. By concentrating R&D on fewer platforms, 3D Systems can potentially accelerate development cycles and create more seamless integration between their hardware and software offerings.
For customers, this could translate to more robust production-oriented capabilities in the remaining software tools, particularly in areas like build preparation, process optimization, and manufacturing execution. The mention of the Oqton Manufacturing OS suggests 3D Systems is positioning itself to capture value from the manufacturing process management layer, which typically offers higher switching costs and potential for recurring revenue models compared to point solutions.
- Closed transaction for
$123 million , with expected net proceeds of approximately$100 million to strengthen balance sheet and invest in future growth and profitability initiatives - Sharpens focus on core additive manufacturing software solutions — 3D Sprint®, 3DXpert® and Oqton Industrial Manufacturing OS —to advance production applications and accelerate customer adoption
ROCK HILL, S.C., April 01, 2025 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) today announced the successful completion of the sale of its Geomagic® software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, for
As part of its strategic focus, 3D Systems will now concentrate on advancing its core additive manufacturing software platforms, including 3D Sprint® and 3DXpert®, as well as the Oqton Industrial Manufacturing OS. The Company intends to continue expanding the capabilities of these solutions by leveraging artificial intelligence and automation to enable accelerated adoption of 3D printing technologies in high-volume, production environments.
"Hexagon is well-positioned to take the Geomagic portfolio to new heights, ensuring continued innovation and value for its users,” said Dr. Jeffrey Graves, president & CEO of 3D Systems. “We are grateful for the contributions of our Geomagic team members and confident they will thrive in this next chapter. For 3D Systems, with today’s completed sale, we are pleased to further strengthen our balance sheet and continue our focus on fueling profitable organic growth through R&D and investing in our core platforms. By concentrating on 3D Sprint, 3DXpert, and Oqton, we will enhance our ability to deliver innovative solutions that improve workflows, reduce costs, and enable our customers to scale production effectively. With approximately
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, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.
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