3d systems announces sale of geomagic® software portfolio

Rock hill, s.c., dec. 12, 2024 (globe newswire) -- following a strategic review of the company's software investment strategy, 3d systems (nyse:ddd) today announced that it has signed a definitive agreement to sell its geomagic software portfolio to the manufacturing intelligence division of hexagon, a global leader in digital reality solutions, combining sensor, software, and autonomous technologies, for $123 million. the transaction is expected to close in the first half of 2025, following the completion of customary regulatory reviews. the geomagic product portfolio is a powerful, proven integrated software tool kit that includes design x, control x, freeform, wrap, and geomagic for solidworks. the geomagic portfolio has built a strong user base in, among other things, the market for creating digital models from physical objects that can then be used to manufacture the finished component. this process, commonly known as ‘reverse engineering,' automates the processing of scan data captured with a 3d scanner to create accurate cad models. certain geomagic products can also be used to design from scratch or modify existing models and to accurately measure and inspect parts for quality control purposes when finished. as a leader in scanning technologies, hexagon is ideally positioned to harness the power of the geomagic portfolio to offer a more complete scan-to-cad workflow, to bridge the physical and digital worlds.
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