Shares of 3D Systems Corporation (DDD) started 2013 on a strong note. Shares of the three-dimensional content-to-print solutions company rose 10.3% so far this year after the company announced the acquisition of Geomagic.
The Deal
3D Systems Corporation announced that it has agreed to acquire Geomagic, a leading provider of 3D authoring solutions including design, sculpt and scan software tools used to create 3D content.
Combined, 3D Systems and Geomagic have a stronger portfolio in the 3D platform and industry. The deal adds complementary products and technology and boost the global marketing coverage. CEO Abe Reichental commented on the deal:
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