- Creates strategic Latin American sales and service platform to
drive accelerated adoption of 3DS' entire design to manufacturing
solutions
- Provides 3DS with significant in-region additive manufacturing
service bureau capabilities, know-how and deep customer
relations
- Expands 3DS' global Quickparts® service offerings reach and
ability to deliver the latest advanced manufacturing solutions and
capabilities
- Multiplexes 3DS' Latin American reseller channel activities
with locations in Brazil, Argentina, Chile, Uruguay and Mexico
- Transaction expected to be immediately accretive to cash
generation and contribute to non-GAAP earnings per share within
first 12 months after closing
3D Systems (NYSE:DDD) announced today that it entered into a
definitive agreement to acquire Robtec. Headquartered in Sao Paulo,
Brazil, Robtec is the largest Latin-American additive manufacturing
service bureau and the leading 3D printing and scanning products
distributor in the region. Under the terms of the definitive
agreement, 3DS will acquire 70% of the shares of Robtec at closing
and the remainder of the shares on the 5th anniversary of the
closing. The terms of the transaction have not been disclosed. The
transaction provides 3DS with the strongest possible platform for
its Quickparts fast-turn, custom manufacturing expansion plans in
Latin America and multiplexes its in-region 3D printing and
additive manufacturing reseller coverage.
Robtec brings to 3DS two decades of additive manufacturing
service bureau experience with substantial production capabilities
that are rooted in regional infrastructure and capacity and
supported by long-term, key relationships with leading Latin
American industrial companies. The transaction is expected to be
completed within the next 90 days, subject to customary closing
conditions. It is expected to be immediately accretive to 3DS' cash
generation and to contribute to its non-GAAP earnings per share
within the first 12 months after closing.
"We believe that the strong strategic and cultural fit between
our companies, combined with Robtec's on-the-ground additive
manufacturing service bureau capabilities, expanded channel
coverage and deep automotive and aerospace customer relationships
could present significant benefits for our customers, sizeable
growth opportunities for us and greater value for our
shareholders," commented Avi Reichental, President and CEO,
3DS.
Recognized as the most trusted and knowledgeable Latin American
3D printing technology resource to the manufacturing sector, Robtec
delivers best-in-class rapid prototyping and custom manufacturing
services and brings established, long-term relationships with
leading aerospace and automotive companies like Embraer, Siemens,
Volkswagen, Fiat, CenPra, Visteon and Mercedes.
"This is the right time for us to add a company of Robtec's
reputation, experience, growth record and scale in Latin America,"
continued Reichental. "With key operations in Brazil, Argentina,
Chile, Uruguay and Mexico, proven service bureau operations and
leading printing and scanning distribution activities, Robtec
represents the cornerstone of our Latin American expansion
plans."
"We are excited to become part of 3D Systems, a leading provider
of the most complete portfolio of 3D content-to-print solutions
available today," said Pablo Elenter, President, Robtec. "We plan
to leverage our collective knowledge and experience for the benefit
of our customers by building stronger local presence and
immediately delivering the full range of 3DS products and services
throughout the region."
Strategic and Financial Benefits
- Creates strategic Latin American sales and service platform to
drive accelerated adoption of entire 3DS design-to-manufacturing
solutions
- Provides 3DS with significant in-region additive manufacturing
service bureau capabilities, know-how and customer relations
- Expands 3DS' global Quickparts full service offerings reach and
ability to deliver the latest advanced manufacturing solutions and
capabilities
- Multiplexes 3DS' Latin American 3D printer reseller channel
activities with locations in Brazil, Argentina, Chile, Uruguay and
Mexico
- Expected to be immediately accretive to cash generation and
contribute to non-GAAP earnings per share within first 12 months
after closing
Immediately after closing, the company plans to transform Robtec
operations into 3D Systems Latin America and expand its offerings
to include 3DS' entire range of 3D design and manufacturing
solutions throughout the region.
Learn more about 3D Systems commitment to manufacturing the
future today at www.3dsystems.com.
Forward-Looking Statements
Certain statements made in this release that are not statements
of historical or current facts are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may involve known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the company to be
materially different from historical results or from any future
results or projections expressed or implied by such forward-looking
statements. In addition to statements that explicitly describe such
risks and uncertainties, readers are urged to consider statements
in the conditional or future tenses or that include terms such as
"believes," "belief," "expects," "estimates," "intends,"
"anticipates" or "plans" to be uncertain and forward-looking.
Forward-looking statements may include comments as to the company's
beliefs and expectations as to future events and trends affecting
its business and are necessarily subject to uncertainties, many of
which are outside the control of the company. The factors described
under the headings "Forward-Looking Statements," "Cautionary
Statements and Risk Factors," and "Risk Factors" in the company's
periodic filings with the Securities and Exchange Commission, as
well as other factors, could cause actual results to differ
materially from those reflected or predicted in forward-looking
statements.
About 3D Systems Corporation
3D Systems is a leading provider of 3D printing centric
design-to-manufacturing solutions including 3D printers, print
materials and cloud sourced on-demand custom parts for
professionals and consumers alike in materials including plastics,
metals, ceramics and edibles. The company also provides integrated
3D scan-based design, freeform modeling and inspection tools. Its
products and services replace 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, create, communicate, prototype or produce
functional parts and assemblies, empowering customers to
manufacture the future.
Leadership Through Innovation and
Technology
- 3DS invented 3D printing with its Stereolithography (SLA)
printer and was the first to commercialize it in 1989.
- 3DS invented Selective Laser Sintering (SLS) printing and was
the first to commercialize it in 1992.
- 3DS invented the Color-Jet-Printing (CJP) class of 3D printers
and was the first to commercialize 3D powder-based systems in
1994.
- 3DS invented Multi-Jet-Printing (MJP) printers and was the
first to commercialize it in 1996.
Today its comprehensive range of 3D printers is the industry's
benchmark for production-grade manufacturing in aerospace,
automotive, patient specific medical device and a variety of
consumer, electronic and fashion accessories.
More information on the company is available at
www.3DSystems.com.
About Robtec
Founded in 1994, Robtec is the largest Latin-American additive
manufacturing service bureau and the leading in-region 3D printing
and scanning products distributor. Headquartered in Sao Paulo,
Brazil, Robtec is recognized as a trusted and knowledgeable Latin
American additive manufacturing and 3D printing resource to the
manufacturing sector that brings two decades of experience
providing best-in-class rapid prototyping and custom manufacturing
services. Robtec is the leading distributor of 3D Systems personal,
professional and production 3D printers and of GOM's scanning
solutions and comes with established long-term relationships with
leading aerospace and automotive companies.
More information on the company is available at
www.robtec.com.
CONTACT: Investor Contact:
Stacey Witten
Email: Stacey.Witten@3dsystems.com
Media Contact:
Alyssa Reichental
Email: Press@3dsystems.com
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