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S.C. firm acquires Oregon-based Xerox R&D group

Rochester Business Journal
December 18, 2013

South Carolina-based 3D Systems Corp. will acquire Xerox Corp.’s product design, engineering and chemistry group, based in Wilsonville, Ore., in a $32.5 million cash deal.

Both companies—who have done business together for more than a decade—expect the transaction to close before the end of 2013, subject to fulfillment of certain customary conditions.

As part of the agreement, 3DS expects to add more than 100 Xerox engineers and contractors specializing in product design and materials science to its global research and development team and immediately begin to operate its own facility within the Xerox Wilsonville campus. 

Xerox will maintain ink and print head development resources along with research relevant for digital printing and the 3D markets, the company said. 

"We are pleased to expand our relationship with an innovative partner of the caliber of Xerox and expect that acquiring some of the Xerox Wilsonville engineering team, together with their state-of the-art development labs and selected licensed IP, to catapult our 3D printers’ development and manufacturing capabilities forward,” said Avi Reichental, 3D Systems’ president and CEO, in a statement.

“This bold step is consistent with our belief that we must act quickly and decisively to extend and cement our marketplace leadership position by taking full advantage of the window of unprecedented opportunity in front of us.”
 
 (c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 




 


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