3D Systems, Rock Hill, S.C., has completed the acquisition of Xerox’s Oregon solid ink engineering and development teams and state of the art development labs and relevant patent portfolio for $32.5 million in cash. As part of this agreement, 3D added more than 100 experienced Xerox engineers and contractors specializing in product design and materials science to its global R&D team, and plans to immediately begin to operate its own facility within the Xerox campus in Wilsonville, Oregon.
The company expects the acquisition to catapult its printer development and manufacturing capabilities a full decade forward and to substantially accelerate its revenue growth-rate over time.
