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Cimatron’s products are used by a growing number of companies worldwide for their 3D production molds, tools and dies in a wide variety of functional end-use manufacturing applications.
MAGICAD 2014.11 SOFTWARE
“We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value,” commented Avi Reichental, President and CEO of 3DS.Ĭimatron is a leading provider of integrated 3D CAD/CAM software products and solutions for manufacturing. 3DS management expects the acquisition of Cimatron to be immediately accretive to its cash generation and to its Non-GAAP earnings per share upon closing.
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The transaction adds complementary products and technology and extends 3DS’ direct and reseller sales coverage globally. The combination of Cimatron’s products with 3DS’ portfolio strengthens 3DS’ position in the fast-growing 3D design and manufacturing space. (NASDAQ: CIMT) 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 adjustments for Cimatron transaction expenses, for a total of approximately $97 million, inclusive of its net cash. ROCK HILL, SC, USA & GIVAT SHMUEL, Israel, 3D Systems Corporation (NYSE:DDD) and Cimatron Ltd.