3D Systems Completes Cimatron Acquisition

The move is said to enable seamless digital workflow between design and both traditional and additive manufacturing processes.

Additive manufacturing systems supplier 3D Systems (3DS) has completed its acquisition of CAD/CAM developer Cimatron for approximately $97 million, inclusive of Cimatron’s net cash. According to 3DS, the integration of Cimatron’s software products into the company’s portfolio strengthens its leadership position by enabling a seamless digital workflow between design and traditional and additive manufacturing processes. The company adds that the transaction adds complementary technology, extends 3DS’ sales coverage globally, multiplexes cross-selling opportunities and is expected to be accretive to the company’s cash generation and Non-GAAP earnings per share for the full year 2015.

“Cimatron represents a perfect strategic fit for our business by providing expanded capabilities in product development, sales coverage and complementary technology. We believe that this combination offers unique synergies with significant long-term customer benefits and shareholder value,” commented Avi Reichental, President and CEO of 3DS. “We are delighted to welcome Danny Haran and his entire global team to 3DS as we complete the digital thread from design to digital fabrication.”

Haran, former CEO of Cimatron, has been named Executive Vice President and Chief Operating Officer, Software of 3DS. Cimatron’s products include CimatronE, a system used by toolmakers and discrete parts manufacturers for everything from quoting through design and delivery, and GibbsCAM, which is dedicated to programming any type of CNC machine tool. “With a 30 year track record of providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery time, it is the perfect time to become part of 3DS where we can substantially accelerate our progress and extend our reach and impact,” Haran says.