3D Systems Asia-Pacific announces the completion of the acquisition of Z Corporation (Z Corp) and Vidar Systems (Vidar) by 3D Systems Corporation from Contex Group, a subsidiary of Ratos AB, a listed private equity company located in Stockholm, Sweden.
This acquisition helps 3D Systems Corporation consolidate its personal and professional printers businesses while powering its solutions portfolio, doubling channel reach, creating value and delivering enhanced customer experience.
The company announced that it has consolidated its entire personal and professional 3D printer businesses into a single unit under the leadership of John Kawola, former Z Corp CEO who was named 3D Systems Vice-President and General-Manager, Personal and Professional 3D Printers business unit.
This acquisition integrates Z Corp and Vidar products and services with 3D Systems’ extensive portfolio, uniquely positioning 3D Systems for accelerated growth in the dynamic, rapidly expanding 3D content-to-print space.
Abe Reichental, President and CEO of 3D Systems comments that the acquisition helps the company gain complementary full colour and high speed printing technology, increase their marketplace presence significantly in verticals beyond product development and direct manufacturing, assemble an extensive reseller channel in 3D printing, and catalyse their healthcare solutions business.