05 April 2001
05 April 2001
3D Systems Corp.and DTM Corporation today have signed a merger agreement under which 3D Systems will purchase all of the outstanding shares of common stock of DTM.
The acquisition will bring together two leading companies from the solid imaging industry, combining their complementary products and customers and extending 3D Systems' global reach. The transaction will value DTM at approximately $45 million. ""We are very pleased to join with DTM to create the preeminent solid imaging company in the world,"" stated Brian K. Service, president and CEO of 3D Systems. "We are currently the leading company in the solid imaging arena. We believe our merger with DTM will enable us to continue our growth into the rapidly developing market for mass customization, rapid tooling, and direct or indirect in-line manufacturing processes, which requires new materials such as metal, plastic, composites and ceramics to allow us to offer the broadest range of solid imaging applications."
3D Systems provides solid imaging products and services that substantially reduce the time and cost required to design, test and manufacture products. The company's systems utilize patented technologies that create physical objects from digital input. DTM develops, manufactures, and markets advanced rapid prototyping and manufacturing systems, including the Sinterstation 2500plus. A growing number of manufacturers and service bureaus worldwide use these systems to rapidly create three-dimensional prototypes, parts, molds, tooling, and casting patterns.