Yesterday 3D Systems announced the acquisition of Phenix Systems, a company that makes direct metal and ceramic selective laser sintering 3D printers.
3D systems signed an agreement to buy an 80% interest in the France-based company. With this buy, 3D Systems is finally expanding their offering with metal printers. There have long been rumors that they wanted to buy into this niche 3D printing technology and now they finally did it. The Phenix Systems printers are capable of printing parts in stainless steel, tool steel, super alloys, non-ferrous alloys, alumina, and even in precious metals, for a variety of uses in the aerospace, automotive, and medical device industries. This all with the granularity of 6 to 9 microns.
3D Systems commented that they intend to make a takeover bid to acquire the remaining 20% of stakes as well. Phenix Systems is listed on the Alternext stock exchange in France, where its shares closed at $7.55 on Tuesday.
Avi Reichental, President and CEO, 3D Systems commented on the news: “Phenix represents the perfect strategic fit for us and we are thrilled to welcome François Reymondet, Patrick Teulet and their entire team to 3D Systems once the deal has closed. Our complementary capabilities in advanced manufacturing combined with our effective R&D and extensive marketplace reach and coverage are sure to result in current and future direct metal solutions that will delight our customers.”
For Phenix, François Reymondet, CEO, said: “We have watched and admired 3D Systems for many years as they have driven the adoption of 3D content-to-print solutions globally. We believe that now is the right time to combine our efforts to take advantage of the accelerating demand for direct metal production.”