Hexagon completed the acquisition of Geomatic Software Portfolio from 3D Systems for $123m.

Hexagon, a multinational industrial technology company, completed the acquisition of Geomatic Software Portfolio from 3D Systems, a provider of comprehensive 3D products and services, for $123m. "Hexagon is well-positioned to take the Geomagic portfolio to new heights, ensuring continued innovation and value for its users [...] We are grateful for the contributions of our Geomagic team members and confident they will thrive in this next chapter. For 3D Systems, with today’s completed sale, we are pleased to further strengthen our balance sheet and continue our focus on fueling profitable organic growth through R&D and investing in our core platforms. By concentrating on 3D Sprint, 3DXpert, and Oqton, we will enhance our ability to deliver innovative solutions that improve workflows, reduce costs, and enable our customers to scale production effectively. With approximately $100 million of net proceeds coming to our balance sheet, the transaction significantly enhances our cash reserves and provides us with an exceptional footing to execute in the quarters ahead," Jeffrey Graves, 3D Systems President and CEO.