3D Systems To Acquire Geomagic
3D Systems, which has been on a company buying spree for years, announced today that it has signed a definitive agreement to acquire Geomagic, Inc., a provider of 3D authoring solutions including design, sculpt and scan software tools that are used to create 3D content and inspect products throughout the entire design and manufacturing process.
The company also recently acquired Rapidform, a provider of 3D scan-to-CAD and inspection software tools, which it described as securing the cornerstone of its fifth growth initiative: to create a seamless, digital scan, design and print platform for the benefit of its customers. The Geomagic acquisition would further that goal.
The company says the combination of Geomagic’s sculpting, modeling, scanning and inspecting software tools with 3D Systems’ portfolio strengthens its 3D authoring platform and positions the company for accelerated growth in the 3D content-to-print space.
“Geomagic represents the perfect strategic fit for us and we are thrilled to welcome 3D pioneer and Geomagic Founder and CEO Ping Fu as our Chief Strategy Officer,” said Abe Reichental, president and CEO, 3D Systems. “Our complementary capabilities in product development, channel coverage and marketing combined with greater efficiencies are sure to result in more affordable and user friendly solutions that will delight our customers and could present attractive long term shareholder value. In line with that, we intend to expand the range of our 3D authoring solutions further into new manufacturing and consumer applications and concurrently maintain and enhance the existing Geomagic and Rapidform product lines.”
Geomagic recently made headlines with its announcement of Freeform 2013 3D modeling software and Spark. Freeform 2013 allows users to virtually sculpt new designs. Spark leverages the SpaceClaim platform to offer new tools for 3D scan, design and inspection. For more information on Spark, read Beth Stackpole’s article here.
Below is a video from Geomagic that explains it’s new Spark software: