3D Systems Announces Sale of Geomagic® Software Portfolio
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3D Systems (NYSE:DDD) has announced the sale of its Geomagic software portfolio to Hexagon for $123 million. The transaction is expected to close in the first half of 2025, pending regulatory reviews. This strategic move aligns with 3D Systems' software investment strategy.
December 12, 2024 | 7:15 am
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3D Systems is selling its Geomagic software portfolio to Hexagon for $123 million, aligning with its strategic software investment review. The sale is expected to close in the first half of 2025.
The sale of the Geomagic software portfolio is a significant strategic move for 3D Systems, potentially improving its financial position and allowing it to focus on core areas. The $123 million deal is a substantial transaction, likely to positively impact the stock in the short term as it aligns with the company's strategic goals.
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