A 3D printing company has purchased a chunk of Xerox in an effort to boost the marriage between its multijet printers and Xerox’s print heads.
According to a press release, 3D Systems — which was founded by the inventor of the rapid prototyping technology that led to 3D printing — has spent $32.5 million in cash for Xerox’s solid ink product design, engineering and chemistry teams in Oregon.
Xerox’s Wilsonville, Oregon teams consists of about 100 employees that will now join 3D Systems.
“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, will catapult our 3D printers’ development and manufacturing capabilities forward,” said Avi Reichental, 3D Systems’ President and CEO. “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.”
3D Systems is no startup. The company has been around 30 years and is looking to take its new piece of Xerox and become the industry leader in 3D printing technologies.
According to 3D Systems, the transaction to close before the end of 2013.
Let the jockeying for leadership in 3D printing begin.
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