ROCK HILL, S.C. — 3D Systems Corp. is buying Cimatron Ltd., an Israel-based company that makes integrated computer-assisted design and manufacturing software, for $97 million.
The two companies announced the deal Nov. 24.
Rock Hill-based 3D Systems said the deal will strengthen its position in the 3-D design and manufacturing market.
“We believe that the perfect strategic fit between our businesses, combined with expanded capabilities in product development, channel coverage and marketing, could present sizeable synergies that together offer significant long-term customer benefits and shareholder value,” said President and CEO Avi Reichental, in a news release.
Cimatron is based in Givat Shmuel, Israel. Its products are used to make production molds, tools and dies. Cimatron's major product lines are CimatronE and GibbsCAM.
3D has proposed paying $8.97 per share of Cimatron stock. The companies expect the deal to close in the first quarter of 2015.