3D Systems Corporation (NYSE:DDD) and Cimatron Ltd. (NASDAQ: CIMT) today announced a definitive agreement under which 3DS will acquire all of the outstanding shares of Cimatron for $8.97 per share in cash, subject to certain allowances for Cimatron trade expenses, for a total of about $97 million, inclusive of its net cash.
The mix of Cimatron’s merchandises with 3DS’ portfolio, fortifies 3DS’ position in the fast growing 3D design and manufacturing space. The trade adds technology and complementary products and expands 3DS’ direct and reseller sales coverage globally.
“We believe that the perfect strategic fit between our businesses, joined with expanded capabilities in product development, station coverage and promotion, could present sizeable synergies that collectively offer critical long-term customer gains and shareholder value,” remarked Avi Reichental, President and CEO of 3DS.
Cimatron is a leading supplier of integrated 3D CAD/CAM software products and solutions for manufacturing. Cimatron’s products are used with an increasing number of companies worldwide for their 3D creation molds, tools and dies in a wide selection of functional end-use manufacturing uses. With CimatronE, two major product lines and GibbsCAM®, Cimatron caters to all manufacturing sectors. CimatronE is an integral CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity from quoting, across the manufacturing process and up to delivery. The CAM industry’s recognized ease-of-use leader, offers simple to use, yet incredibly strong, alternatives for programming multi-axis CNC machine tools.