Z Corporation to be Acquired by 3D Systems

Z Corporation to be Acquired by 3D Systems

Customers Gain Access to the Most Comprehensive Suite of 3D Content-to-Print Solutions; a Wide Community of Users and Partners; and Future Products Based on Combined Research & Development.

Z Corporation, the leader in multi-color inkjet 3D printing, will be acquired by 3D Systems Corporation (NYSE:DDD), becoming the first company capable of delivering an integrated platform of mixed 3D printing technologies, 3D content, and 3D design services.
Contex Group, a subsidiary of Ratos AB, announced that it had signed an agreement to sell its subsidiaries, Z Corp. and VIDAR Systems, to 3D Systems Corporation for USD 137 million in cash. The acquisition is subject to customary closing conditions and is expected to close by the end of 2011 or early 2012.
The acquired businesses generated USD 58 million of revenue for the twelve months ended June 30, 2011, with consolidated gross profit margins of 55%.

"Our vision is to help designers create more ideas, more communication, and more innovation; and joining 3D Systems enables to us deliver on that promise even faster."

- said Z Corporation CEO John Kawola. -
"We intend to make multi-color 3D printing accessible to far more designers, provide a more complete customer experience, rapidly advance new applications, and build the foundation for a new generation of Z Corporation innovations."

"We believe that the perfect strategic fit between these businesses, combined with expanded capabilities in product development, channel coverage, manufacturing and marketing, could present sizeable revenue and cost synergies that together offer significant long-term customer benefits and shareholder value."
- commented Abe Reichental, President and CEO of 3D Systems.

About 3D Systems Corporation
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike.
The company also provides creative content development, design productivity tools and curation services and downloads. Its expertly integrated solutions replace, displace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, communicate, prototype and produce functional parts, empowering its customers to create with confidence.
More information on the company is available at www.3DSystems.com.

About Z Corporation
Z Corp is a leading provider of personal and professional 3D printers, 3D scanners and proprietary print materials and services. Its 3D printers rapidly create monochrome and full color models, prototypes and functional parts for a wide variety of applications, including education, architecture, healthcare, industrial and consumer uses.
For more information see www.zcorp.com

About Digit Bt.
Digit is a Hungarian private company, has been established 30 years ago. Digit is a specialist of the large format digital imaging solutions, like inkjet LFPs, wide format scanners, foamcutters, trimmers, etc. As an authorized reseller the company offers Z Corp. 3D printers and 3D scanners since 2007. Digit were happy to signe a reseller agreement with 3D System at spring 2011.
More information is available at www.digitweb.hu

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