3D Systems Completes Acquisition Of Phenix Systems

(RTTNews) - 3D Systems Corp. (DDD) said Monday that it has closed its acquisition of Phenix Systems, a global provider of Direct Metal Selective Laser Sintering 3D Printers based in Riom, France.

The deal was iriginaly announced last month.

The company paid $15.1 million for 81% of the share capital 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 designs and manufactures proprietary Direct Metal 3D Printers that 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.