3D Systems (DDD) announced agreements to acquire approximately 80% of Phenix Systems, a provider of Direct Metal Selective Laser Sintering 3D Printers based in Riom, France. The company expects the transaction to be accretive to its non-GAAP earnings in the first full year following completion. 3D Systems said the maximum price payable by it for the 80% block is 13 euros per share.
After the closing of the acquisition, 3D Systems intends to launch a take-over bid on the remaining 20% of the shares of Phenix Systems, listed on the French stock market, followed by a squeeze-out procedure should it reach 95% of the shares or voting rights of Phenix Systems, during the second half of 2013.
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