Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

3D Systems Closes Purchase Of Xerox's Solid Ink Engineering, Development Teams

RELATED NEWS
Trade DDD now with 

3D Systems Corp. (DDD: Quote) said Thursday that it has completed the acquisition of Xerox Corp.'s (XRX) solid ink engineering and development teams and state of the art development labs and relevant patent portfolio for $32.5 million in cash.

The deal was announced last month.

3D Systems expects the acquisition of the highly specialized printer design and material science teams together with their labs and relevant IP to catapult its printers' development and manufacturing capabilities a full decade forward and to substantially accelerate its revenue growth-rate over time.

As part of the deal, 3DS added more than 100 experienced Xerox engineers and contractors specializing in product design and materials science to its global R&D team and plans to immediately begin to operate its own facility within the Xerox Wilsonville campus.

3DS expects to increase its annual R&D expenditures over the next few years by about 75% to 100% from its full-year 2013 R&D expense as it completes certain Xerox related engineering services commitments and fully leverages its expanded capabilities, and expects to realize net revenue benefits by the fourth quarter of 2014.

Click here to receive FREE breaking news email alerts for 3D Systems Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.K. economy grew at a slower pace in the third quarter in the face of rising uncertainty stemming from global economic conditions, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent. German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October. Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.