Following a strategic review of the company’s software investment strategy, 3D Systems (DDD) announced that it has signed a definitive agreement to sell its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon for $123M. The transaction is expected to close in the first half of 2025, following the completion of customary regulatory reviews. The Geomagic product portfolio is an integrated software tool kit that includes Design X, Control X, Freeform, Wrap, and Geomagic for SolidWorks. Following the divestiture, 3D Systems will focus on its software platforms that are core to customer adoption and application of its 3D printing technologies. By concentrating development resources on these platforms, 3D Systems believes it can accelerate its strategic software development efforts and augment its product offerings.
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