3D Systems sells Geomagic software to Hexagon for $123M, plans to focus on core 3D printing platforms.

3D Systems has sold its Geomagic software portfolio to Hexagon for $123 million, leading to a 16% jump in its stock price. Post-sale, 3D Systems will focus on core software platforms like 3D Sprint, 3DXpert, and Oqton to boost 3D printing adoption and integrate AI. The company lowered its yearly sales target to $440-$450 million but expects to reduce costs and become profitable soon.

4 months ago
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