3D Systems Completes Acquisition Deal
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.
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