3D Systems to acquire Phenix Systems

theflyonthewall.com

3D Systems announced that it has signed agreements to acquire approximately 80% of Phenix Systems based in Riom, France. Phenix Systems designs, manufactures and sells proprietary Direct Metal 3D Printers that can print chemically pure fully dense metal and ceramic parts from very fine powders with the granularity of 6-9 microns. This acquisition is expected to close in July. After closing conditions are met and the acquisition closes, 3D Systems intends to launch a take-over bid on the remaining 20% of the shares of Phenix Systems, listed on the French stock market, followed by a squeeze-out procedure should it reach 95% of the shares or voting rights of Phenix Systems, during the second half of 2013. The maximum price payable by 3D Systems for the 80% block is EUR 13 per share.

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