3D Systems Corporation has an agreement to buy all outstanding shares of Cimatron Ltd. for an estimated $97 million, subject to closing conditions. Directors for both companies have unanimously approved the transaction, and both sides expect to close the purchase in Q1 2015.
Cimatron is a developer of CAD/CAM software, notably the GibbsCAM family for programming 2- through 5-axis milling, turning, milling/turning, multi-task simultaneous machining, and wire-EDM operations. Its CimatronE is an integrated CAD/CAM platform for toolmakers and manufacturers of discrete parts, with capabilities for mold design, electrode design, die design, 2.5 to 5-axis NC programming and 5-axis discrete part production.
“We are delighted to combine our leading 3D CAD/CAM software products with 3DS’ expanding design and manufacturing digital thread,” stated Cimatron CEO Danny Haran. “We have always been focused on providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, and as part of 3DS we can substantially accelerate our progress and extend our reach and impact.”
3D Systems is one of the fastest growing developers of 3D printing technology, including 3D printers, print materials, and cloud-sourced part design technology. Its products are used by designers, manufacturers, and consumers, working in plastics, metals, and ceramics, as well as edible products.
The company claims several innovations in 3D technology, including stereolithography (SLA) and selective laser sintering (SLS) printing, and printing systems based on ColorJet Printing (CJP) and MultiJet Printing (MJP) technologies. It also claims to have “pioneered” medical modeling with virtual surgical planning (VSP).
Nearly two years ago, 3D Systems acquired Geomagic Ltd., a developer of 3D design and inspection software. Adding the GibbsCAM and CimatronE platforms would help extend its capabilities further into the supply chain to include more production process programming.
In their joint statement, the two companies further noted their transaction “adds complementary products and technology and extends 3DS’ direct and reseller sales coverage globally.”
“We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value,” offered Avi Reichental, president and CEO of 3DS.