3D Systems Grabs 100 Xerox Engineers In New Partnership
"We are pleased to expand our relationship with an innovative partner of the caliber of Xerox and expect that acquiring some of the Xerox Wilsonville engineering team, together with their state-of the-art development labs and selected licensed IP, will catapult our 3D printers’ development and manufacturing capabilities forward,” said Avi Reichental, 3D Systems’ President and CEO in a press release.
3D Systems ProJet 4500
3D Systems will get 100 Xerox engineers and its own facility within the Wilsonville campus, and it will boost its R&D investments by 75% to 100%; meanwhile, Xerox will continue to develop ink and print head resources as well as other research related to digital and 3D printing.
The deal is for $32.5 million in cash, and it’s expected to be wrapped up before the end of the year.