3D Systems, Rock Hill, S.C., has completed its acquisition of all shares of Israeli CAD/CAM software firm Cimatron Ltd. for approximately $97 million, inclusive of Cimatron's net cash.
"Cimatron represents a perfect strategic fit for our business by providing expanded capabilities in product development, sales coverage and complementary technology," said Avi Reichental, president and CEO of 3DS, a builder of 3D printers. "We believe that this combination offers unique synergies with significant long-term customer benefits and shareholder value. We are delighted to welcome Danny Haran and his entire global team to 3DS as we complete the digital thread from design to digital fabrication." Cimatron shareholders will receive $8.97 in cash for each ordinary share held by them as of the effective time of the merger.