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April 2026 Special Focus Issue: Generative Design
In this Special Focus Issue, Digital Engineering takes a look at how generative design solutions can be used across different types of design problems and with a variety of manufacturing approaches to accelerate design space exploration, and…
Electrum utilizes the 3DEXPERIENCE platform on the cloud to develop their new electric motorcycle
Electrum, a new brand of electric motorcycles, utilizes the 3DEXPERIENCE platform. Their mission is to support Indonesia’s shift to low-carbon, sustainable transport and to ultimately help the country’s government achieve its vision of net…
3D Systems has signed an agreement to sell Cimatron Ltd. and its related subsidiaries, which operate the Cimatron integrated CAD/CAM software and GibbsCAM CNC programming software businesses, to Battery Ventures, a global, technology-focused investment firm for a purchase price of $65 million, subject to certain closing adjustments.
Cimatron and GibbsCAM will join a Battery-backed manufacturing portfolio that includes SigmaTEK Systems, a CAD/CAM software provider for the metal fabrication industry. This action is part of the company’s announced reorganization and restructuring plan.
“Over the last several months, we’ve made significant progress in aligning our business to our core strengths to achieve growth,” says Dr. Jeffrey Graves, president and chief executive officer, 3D Systems. “With this announcement, we continue to demonstrate our commitment to focus on additive manufacturing, creating value through solutions designed to address our customers’ unique application needs.”
Completion of the transaction is expected to occur during the fourth quarter of 2020.
Given the anticipated completion of the sale of the Cimatron and GibbsCAM businesses and the receipt of the proceeds from the sale, 3D Systems does not expect to issue shares of its common stock under its previously announced at-the-market equity offering program during the fourth quarter of 2020. Following the completion of the sale of the Cimatron and GibbsCAM businesses, the company plans to evaluate the continued need for the at-the-market equity offering program and may ultimately elect to terminate such program.
Read more about 3D Systems and their recent reorganization here.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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