3D Techniques is promoting its Geomagic software program portfolio to Hexagon for 123 million USD following a strategic evaluate of its software program funding technique.
Geomagic’s providing coated reverse engineering, design, and inspection, and is anticipated to be built-in into the Hexagon enterprise within the first half of 2025 topic to customary regulatory critiques. 3D Techniques acquired the enterprise again in 2013.
The Geomagic product portfolio consists of Design X, Management X, Freeform, Wrap, and Geomagic for SolidWorks, and has made its title by creating digital fashions from bodily objects that may then be used to fabricate completed parts. This reverse engineering functionality is supplemented by Geomagic’s potential to design from scratch, modify present fashions, and precisely measure and examine elements for high quality management functions.
Hexagon can pay the 123m USD buy worth on a money and debt free foundation. In 2023, the acquired software program enterprise is claimed to have had round 100 staff, generated revenues of round 30m USD and delivered working margins accretive to these of the Manufacturing Intelligence division.
Norbert Hanke, interim President and CEO of Hexagon, mentioned: “The mix of Geomagic and our present options will additional strengthen our market management in 3D metrology and reengineering, demonstrating our dedication to ship more and more consumer pleasant instruments able to executing complicated duties, so our clients can deliver modern, prime quality merchandise to the market at velocity and with confidence. We sit up for welcoming the Geomagic staff to Hexagon.”
In gentle of the sale, 3D Techniques says it is going to ‘sharpen its focus’ on software program options that ‘speed up adoption of 3D printing applied sciences in large-scale, manufacturing software environments.’ To this finish, the corporate is ready to develop the capabilities of its 3D Dash and 3DXpert software program platforms, leveraging AI and machine studying to ship improved workflows, increased productive, diminished prices, and improved element high quality. 3D Techniques has mentioned that its Oqton Industrial Manufacturing OS will concentrate on ‘essential industrial functions’ and will proceed to work with Baker Hughes to develop a digital ecosystem for highly-regulated industries like vitality and healthcare.
“The additive manufacturing trade is quickly evolving, and we imagine there are important alternatives to drive innovation that’s essential to the wide-spread adoption of 3D printing in manufacturing environments,” mentioned Dr. Jeffrey Graves, president & CEO, 3D Techniques. “Whereas superior printing {hardware} and engineering supplies are important to the brand new functions which are of most curiosity to our clients, software program is equally necessary to the mass adoption of the know-how. As the corporate that commercialised the primary 3D printing know-how practically 4 many years in the past and has probably the most in depth expertise in mass manufacturing of customized parts, 3D Techniques is well-positioned to be a frontrunner in transferring AM from the lab to the manufacturing unit ground. The modifications we’re saying at the moment will sharpen our concentrate on these software program platforms which are most crucial to our clients’ success on this new-use setting. By streamlining our software program operations, focusing solely on our core platforms, and leveraging the distinctive capabilities that AI is now making out there to us, we can be higher positioned to help our clients’ most crucial necessities as they transfer 3D printing into high-volume manufacturing environments.
“For these 1000’s of loyal Geomagic clients who’ve been important to our development, we imagine that Hexagon is a perfect strategic proprietor for these property and that the longer term can be shiny underneath their stewardship. For 3D Techniques’ stakeholders, this transaction leaves the Firm very well-positioned for the longer term, with the broadest know-how base within the trade, the dimensions wanted to help our clients in manufacturing environments, and a fortified steadiness sheet to proceed driving our trade main innovation.”
The sale of Geomagic is the newest enterprise unit to be bought by 3D Techniques lately, with its On Demand Manufacturing enterprise being divested in June 2021 and Simbionix being carved out in July 2021.
