3D Systems announced that it would be acquiring Phenix Systems one month ago, and now the 3D printing giant has revealed the deal has been completed.
Phenix Systems is a leading global provider of Direct Metal Selective Laser Sintering 3D Printers based in Riom, France, and in June 3D Systems announced that it would be acquiring approximately 80 per cent of the business.
The Rock Hill-headquartered industry juggernaut paid $15.1 million (£10 million) for 81 per cent of the share capital of Phenix and will immediately launch a simplified take-over bid process in accordance with the French Markets Authority on the remaining shares and voting rights.
Phenix Systems' machines print chemically pure, fully dense metal and ceramic parts from very fine powders with the granularity of 6 to 9 microns. Materials include stainless steel, tool steel, super alloys, non-ferrous alloys, precious metals and alumina for a variety of aerospace, automotive and patient specific medical device applications. Phenix Systems strengthens 3D Systems offerings and immediately positions it at the heart of these rapidly growing direct manufacturing opportunities.
Avi Reichental, President and CEO of 3D Systems, commented: "Phenix Systems is a strategic and differentiated addition to our extensive 3D content-to-print portfolio and we are thrilled to deliver these powerful solutions to our customers.
"Our proven track record in advanced manufacturing, combined with Phenix Systems extensive metals technology and expertise represents a true game-changer that empowers our customers to manufacture the future."