3D Systems Buys Rapidform

By DE Editors

3D Systems has acquired Rapidform, a global provider of 3D scan-to-CAD and inspection software tools, located in Seoul, South Korea, for $35 million in cash, subject to final closing adjustments.

Rapidform's reverse engineering and inspection software combine scan data processing, mesh optimization, auto surfacing and CAD modeling in a single, integrated tool.

3D Systems expects Rapidform to contribute $15 million of revenue and deliver between $0.06 and $0.09 in earnings per share to its 2013 non-GAAP results.

"This is a game-changer for our customers and shareholders, and is well-aligned with our strategic plan," said Abe Reichental, president and CEO of 3D Systems. "We are thrilled to welcome CEO Calvin Hur and his team to our company and we expect that the integration of the Rapidform proprietary products with 3D Systems' extensive portfolio will result in accelerated growth within the rapidly expanding 3D content-to-print space."

For more information, visit 3D Systems and Rapidform.

Sources: Press materials received from the company and additional information gleaned from the company's website.