3D Systems Acquires Z Corporation

3D Systems logo3D Systems Corporation has completed the acquisition of Z Corporation and Vidar Systems for $135.5 million in cash from Contex Group.

This acquisition integrates Z Corp and Vidar products and services with 3D Systems’ extensive portfolio, uniquely positioning 3D Systems for accelerated growth in the dynamic, rapidly expanding 3D content-to-print space. The transaction completes 3D Systems’ range of product capabilities, fills price gaps with complementary products and technology and doubles its reseller coverage globally.

“This is a historic, game-changing event for our customers and stockholders. Today we gained complementary full-color and high-speed printing technology, increased our marketplace presence significantly in verticals beyond product development and direct manufacturing, assembled the largest and most-well prepared reseller channel in 3D printing, and catalyzed our healthcare solutions business,” said Abe Reichental, president and CEO of 3D Systems.

The company also announced that it consolidated its entire personal and professional 3D printer businesses into a single unit under the leadership of John Kawola, former Z Corp CEO, who was named 3D Systems vice president and general manager of the personal and professional 3D printers business unit.

Press Release