3D Systems Completes Acquisition Deal

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3D Systems has closed on its acquisition of French company Phenix Systems, the American company announced.

3D Systems paid $15.1 million for 81% of the shares of Phenix Systems and will now comply with the French Markets Authority by launching a simplified takeover bid for the remaining shares and voting rights.

Phenix Systems manufactures direct metal 3-D printers that produce metal and ceramic parts from very fine powders. 3D Systems says its acquisition of Phenix strengthens its own position in the direct manufacturing industry.

"Phenix Systems is a strategic and differentiated addition to our extensive 3D content-to-print portfolio," said 3D CEO Avi Reichental in the company's statement, adding that this purchase "represents a true game changer that empowers our customers to manufacture the future."

The article 3D Systems Completes Acquisition Deal originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of and has options on 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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