Despite a reduction in its 2014 financial outlook, 3D Systems continues to spend its dough on acquisitions, this time, purchasing Israeli CAD/CAM company, Cimatron, reasoning that the company will immediately generate cash for the company in terms of Non-GAAP earnings per share, once the deal closes. Today, 3DS announced that it will purchase all of Cimatron’s outstanding shares for $8.97 per share in cash for a total of about $97 million.
Cimatron is a major developer of 3D CAD/CAM software tools used to create 3D production molds, tools, and dies for end-use manufacturing. With Cimatron’s CimatronE product line, toolmakers and manufacturers can design discrete parts and manage production all the way from quoting to design and delivery. The company’s other major product line, GibbsCAM®, is suited for programming multi-axis CNC machine tools.…
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