3D Systems Agrees To Sell Geomagic Portfolio For $123 Million, AI And 3D Printing Take Center Stage

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3D Systems Corporation (NYSE:DDD) shares are trading higher premarket on Thursday after the company inked a definitive agreement to sell its Geomagic software portfolio to Hexagon’s Manufacturing ...

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The transaction is expected to close in the first half of 2025, pending regulatory reviews.Post-divestiture, 3D Systems will focus on core software platforms—3D Sprint, 3DXpert, and Oqton Industrial Manufacturing OS—to drive 3D printing adoption.This strategic focus will accelerate software development, leverage AI and machine learning, and enhance AM adoption in high-reliability production environments, increasing value for customers and shareholders.Jeffrey Graves, president ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSI":"Stage Stores Inc","DDD":"3D系统","BK4161":"工业机械","BK4551":"寇图资本持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4546":"3D打印"},"translate_title":"3D Systems同意以1.23亿美元出售Geomagic产品组合，人工智能和3D打印占据中心舞台","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DDD":1,"SSI":1},"content_text":"3D Systems Corporation (NYSE:DDD) shares are trading higher premarket on Thursday after the company inked a definitive agreement to sell its Geomagic software portfolio to Hexagon’s Manufacturing Intelligence Division for $123 million.\nThe Geomagic portfolio includes tools like Design X, Control X, Freeform, Wrap, and Geomagic for SolidWorks, widely used in reverse engineering to create digital models from physical objects for manufacturing.\nThis move follows a strategic review of the company’s software investment strategy. The transaction is expected to close in the first half of 2025, pending regulatory reviews.\nPost-divestiture, 3D Systems will focus on core software platforms—3D Sprint, 3DXpert, and Oqton Industrial Manufacturing OS—to drive 3D printing adoption.\nThis strategic focus will accelerate software development, leverage AI and machine learning, and enhance AM adoption in high-reliability production environments, increasing value for customers and shareholders.\nJeffrey Graves, president & CEO, 3D Systems said, “The changes we’re announcing today will sharpen our focus on those software platforms that are most critical to our customers’ success in this new-use environment.”\n”By streamlining our software operations, focusing exclusively on our core platforms, and leveraging the exceptional capabilities that AI is now making available to us, we will be better positioned to support our customers’ most critical requirements as they move 3D printing into high-volume production environments.”\nAs of September 30, 2024, 3D had cash and cash equivalents of $190.0 million.\nInvestors can gain exposure to the stock via 3D Printing (The) ETF (BATS:PRNT) and ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX).\nPrice Action: DDD shares are up 2.08% at $3.44 premarket at the last check Thursday.\nRead Next:\n\nTim Cook Meets PM Keir Starmer Amid Growing Scrutiny Over Apple And Google’s Duopoly In UK\n\nPhoto via Shutterstock.\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\n3D SYS (DDD): Free Stock Analysis Report\n\nThis article 3D Systems Agrees To Sell Geomagic Portfolio For $123 Million, AI And 3D Printing Take Center Stage originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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