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3D Systems Completes Sale of Geomagic Software Portfolio
Newsfilter· 2025-04-01 11:00
Core Insights - 3D Systems has successfully completed the sale of its Geomagic® software portfolio to Hexagon for $123 million, enhancing its balance sheet and cash reserves [1][3][6] - The company will now focus on its core additive manufacturing software platforms, including 3D Sprint®, 3DXpert®, and Oqton Industrial Manufacturing OS, aiming to leverage AI and automation for improved production applications [2][6] Financial Impact - The transaction is expected to yield approximately $100 million in net proceeds, which will be used to strengthen the company's balance sheet and invest in future growth initiatives [3][6] Strategic Focus - 3D Systems aims to enhance its capabilities in additive manufacturing by concentrating on its core software solutions, which will help improve workflows, reduce costs, and enable effective scaling of production for customers [3][6]