In further news from 3D Systems, the company has announced that it has closed its acquisition of Phenix Systems, the small but effective manufacturer of metal 3D printing systems based in Riom, France. According the 3D Systems, it has completed the deal, which saw it pay $15.1 million for 81% of the share capital and will now launch a simplified take-over bid process in accordance with the French Markets Authority on the remaining shares and voting rights.
Phenix Systems designs and manufactures proprietary Direct Metal 3D Printers that print chemically pure, fully dense metal and ceramic parts from very fine powders with the granularity of 6 to 9 microns. Materials include stainless steel, tool steel, super alloys, non-ferrous alloys, precious metals and alumina for a variety of aerospace, automotive and patient specific medical device applications. Accordingly, Phenix Systems strengthens 3D Systems portfolion and generates opportunities at the heart of these rapidly growing direct manufacturing applications with metal materials.
“Phenix Systems is a strategic and differentiated addition to our extensive 3D content-to-print portfolio and we are thrilled to deliver these powerful solutions to our customers,” said Avi Reichental, President and CEO, 3D Systems. “Our proven track record in advanced manufacturing, combined with Phenix Systems extensive metals technology and expertise represents a true game-changer that empowers our customers to manufacture the future.”