11-21-2011: 3D Systems announced the acquisition of Z Corporation and Vidar Systems for $137 million in cash
This was one of the largest acquisitions in 3D Systems' history
On November 21, 2011, 3D Systems revealed its acquisition of Z Corporation, a pioneer in full-color gypsum-based 3D printing, and Vidar Systems, a leader in medical imaging scanners. The deal was finalized with Contex Group, a company owned by Swedish private equity firm Ratos AB. This was one of the largest acquisitions in 3D Systems' history, significantly expanding its product portfolio and global reach.
The integration of Z Corporation's products into 3D Systems' portfolio was aimed at accelerating growth in the 3D printing market. Z Corporation brought unique full-color 3D printing technology, particularly popular in education, architecture, and design. Adding Z Corporation’s products filled pricing and technological gaps in 3D Systems' offerings, which had previously been focused on professional and industrial segments. Additionally, the global distribution network nearly doubled, reaching over 330 resellers worldwide, enabling faster market entry for both 3D Systems' original products and Z Corporation's technologies.
The integration extended beyond Z Corporation's products. 3D Systems also incorporated Vidar Systems' technology, specializing in medical film digitization scanners used in radiology, oncology, and mammography. This move supported 3D Systems' expansion in the healthcare sector, a growing focus in its strategic roadmap.
Founded in the 1990s, Z Corporation was a pioneer in 3D printing, particularly in full-color printing. Its powder-based 3D printers, such as the ZPrinter line, enabled the creation of realistic prototype models. The company was also a leader in 3D scanning technology, making it a versatile supplier of cutting-edge solutions. The acquisition gave 3D Systems access to unique technologies and expertise that were instrumental for its future growth.
Notably, Z Corporation’s co-founder, Emanuel “Ely” Sachs, is credited with coining the term “3D printing” in the context of additive manufacturing. Originally, the term referred specifically to Z Corp's proprietary method but eventually became synonymous with all additive manufacturing technologies.
Source: www.sec.gov