3D Systems (DDD) has acquired Figulo Corporation to become a leader in the end user ceramic 3D printers. The financial details of the deal were not disclosed.
The acquisition is a strategic move by 3D systems as it not only expands its capability but also significantly expands its materials and process expertise and know-how to fast track the commercialization of ceramic 3D printers.
Figulo Corporation is a leading manufacturer of ceramic objects using 3D printing. Its primary customers include consumers, makers, artists, designers and architects.
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3D ceramic printers are delta style of 3D printer built specifically for printing with clay. 3D ceramic printers create a unique experience to an art form; thereby inducing new generation artists, designers and major decor labels to incorporate 3D printing into their professional toolbox to give their consumers next dimension of decor and art.
3D Systems intends to incorporate Figulo’s 3D printed ceramics into its rapidly growing Cubify ecosystem and its professional cloud printing service, Quickparts. Figulo’s ceramic printers perfectly complement 3D Systems’ existing powerful Color Jet Printing (CJP) full color technology and will unleash exciting potential of professional and consumer ceramic 3D printing. This new combination will help artists, designers and consumers and major decor labels to explore a new degree of possibility for kitchenware, tiling, art and more.
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. In addition, the company provides creative content development and design productivity tools. The company also offers software design tools including CAD (Computer-aided design), reverse engineering and inspection, and consumer 3D printers, apps and services.
3D Systems currently holds a Zacks Rank #3 (Hold). However, better-ranked stocks in the same industry include Electronics for Imaging, Inc. (EFII), Bottomline Technologies (de), Inc. (EPAY) and SanDisk Corp. (SNDK). Electronics for Imaging and SanDisk carry a Zacks Rank #1 (Strong Buy), while Bottomline Technologies has a Zacks Rank #2 (Buy).
3D Systems Corporation (NYSE:DDD)