3D Systems, Cimatron Enter Agreement for Acquisition

3D Systems Corporation (3DS) and Cimatron Ltd. have revealed a definitive agreement in which 3DS is to acquire all outstanding shares of Cimatron. The transaction adds complementary products and technology and also extends 3DS’ direct and reseller sales, the company states.

Cimatron is a provider of integrated 3D CAD/CAM software products and solutions for manufacturing. Its applications are used for 3D production molds, tools and dies in a variety of end-use manufacturing applications. It is the developer of CimatronE and GibbsCAM.

The transaction, a press release states, is subject to customary closing conditions and is expected to close in the first quarter of 2015.

“We are delighted to combine our leading 3D CAD/CAM software products with 3DS’  expanding design and manufacturing digital thread,” said Danny Haran, CEO of Cimatron. “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.”

For more information, visit 3D Systems and Cimatron.

Sources: Press materials received from the company and additional information gleaned from the company’s website.