3D Systems sells Geomagic software portfolio to Hexagon for $123M, close expected H1 2025

3D SYSTEMS CORP

Cash purchase price of $123M; transaction expected to close in first half of 2025, subject to regulatory approvals and customary conditions.
Divestiture includes Geomagic reverse engineering, design, and inspection software (Design X, Control X, Freeform, Wrap).
Company to focus on core AM software platforms: 3D Sprint, 3DXpert, and Oqton Industrial Manufacturing OS, with AI/ML enhancements.
Strategic rationale: sharpen focus on production 3D printing adoption; fortified balance sheet from sale proceeds.
Geomagic customers to transition to Hexagon, which is positioned as an ideal owner for the portfolio.

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