Hexagon acquires Geomagic modelling software from 3D Systems in $123 million deal

3D Systems, Rock Hill, South Carolina, USA, has signed a definitive agreement to sell its Geomagic software portfolio to Hexagon AB, headquartered in Stockholm, Sweden, for $123 million. The deal is said to strengthen the existing software portfolio of Hexagon Manufacturing Intelligence, and combine with its leadership in portable metrology sensors to deliver a sophisticated suite of solutions across the full range of manufacturing applications.

The transaction is expected to close in the first half of 2025, following the completion of customary regulatory reviews.

The Geomagic suite, which includes products such as Design X, Control X, Freeform and Wrap, is capable of automating the processing of 3D scan data to build digital models from physical objects, which can then be used to generate history-based parametric CAD models for use in product manufacturing. The Geomagic software tools can also be used to undertake initial free-form design, modify existing CAD models and to accurately measure and inspect parts for quality control purposes when finished.

“The combination of Geomagic and our existing solutions will further strengthen our market leadership in 3D metrology and reengineering, demonstrating our commitment to deliver increasingly user friendly tools capable of executing complex tasks, so our customers can bring innovative, high quality products to the market at speed and with confidence. We look forward to welcoming the Geomagic team to Hexagon.” stated Norbert Hanke, Hexagon’s interim president and CEO.

Following the divestiture, 3D Systems confirmed it will focus on the software platforms that it considers core to customer adoption and application of its Additive Manufacturing technologies (specifically 3D Sprint, 3DXpert, and Oqton Industrial Manufacturing OS). By concentrating development resources on these platforms, 3D Systems aims to accelerate its strategic software development efforts and augment its product offerings by leveraging AI and machine learning.

Dr Jeffrey Graves, president & CEO of 3D Systems, added, “The Additive Manufacturing industry is rapidly evolving, and we believe there are significant opportunities to drive innovation that is critical to the widespread adoption of 3D printing in production environments. While advanced printing hardware and engineering materials are essential to the new applications that are of most interest to our customers, software is equally important to the mass adoption of the technology.”

“For those thousands of loyal Geomagic customers who have been essential to our growth, we believe that Hexagon is an ideal strategic owner for these assets and that the future will be bright under their stewardship,” continued Dr Graves. “For 3D Systems’s stakeholders, this transaction leaves the company very well-positioned for the future, with the broadest technology base in the industry, the scale needed to support our customers in production environments, and a fortified balance sheet to continue driving our industry-leading innovation.”

www.hexagonmi.com

www.3dsystems.com

Download Metal AM magazine