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Wednesday, Jun 12
3D Systems (DDD +0.7%) is acquiring Phenix Systems, a French maker of 3D printers relying on a...
3D Systems (DDD +0.7%) is acquiring Phenix Systems, a French maker of 3D printers relying on a process known as direct metal laser sintering. Phenix's hardware works with materials such as steel, alloys, and precious metals, and is aimed at aerospace, auto, and medical customers - 3D claims it can "print chemically pure fully dense metal and ceramic parts from very fine powders with the granularity of 6 to 9 microns." The purchase is complements 3D's selective laser sintering line, and is expected to be accretive to EPS in its first full year. 3D, which has made over a dozen acquisitions in the last 2 years, recently raised $237M to pad its M&A war chest.