3D Systems sells software portfolio for $123 million, what does it mean for the industry?

In the United States on December 12, 2024, 3D Systems announced the sale of its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon for $123 million. This decision follows a strategic review of 3D Systems' software investment strategy, which aims to streamline operations and focus on core software platforms that are critical for the adoption of 3D printing technologies. The deal is anticipated to close in the first half of 2025, pending regulatory reviews. The Geomagic suite specializes in reverse engineering, design, and inspection software used widely across industries. It automates the creation of digital models from physical objects, facilitating manufacturing processes. Following the divestiture, the company plans to strengthen its dedication to software solutions that enhance the efficiency and reliability of 3D printing. 3D Systems will place greater emphasis on its existing software products, particularly 3DXpert and 3D Sprint, to drive research and development. These efforts are aimed at leveraging advancements in artificial intelligence and machine learning, which are becoming increasingly accessible for companies focused on high-reliability production environments. This strategic move to sell the Geomagic portfolio reflects 3D Systems’ commitment to boosting shareholder value and supporting innovations that cater to the evolving needs of industrial clients. By prioritizing mission-critical software offerings, the company positions itself well for future growth in a rapidly changing technological landscape.