3D Systems, a company committed to advancing 3D printing and revolutionizing the way the world utilizes it, has acquired Xerox's Solid Ink engineering and development teams, along with its state-of-the-art development labs.
The $32.5 million deal will include more than 100 Xerox engineers who specialize in product design and materials science. 3D Systems also plans on increasing its R&D expenses by 75% to 100%. In doing so, it is hoping that future revenue, profitability, and technology development will increase faster, and that it will have a stronger economic model.
“This bold step is consistent with our belief that we must act quickly and decisively to extend and cement our marketplace leadership position and leverage unique opportunities to bring affordable, high performance new products to market years ahead of what would have been possible to accomplish organically,” said Avi Reichental, 3D Systems' president and CEO in a press release.
It seems 3D Systems has been on a mission to acquire all things 3D printing. If everything goes smoothly, we can expect to see many new products -- and with luck cheaper ones.