By DE Editors
3D Systems has completed the acquisition of Xerox’s solid ink engineering and development teams and state of the art development labs and relevant patent portfolio for $32.5 million in cash. The company also acquired Gentle Giant Studios, which provides 3D modeling solutions for the toy and entertainment industries.
As part of the agreement, 3DS added more than 100 Xerox engineers and contractors specializing in product design and materials science to its global R&D team and plans to immediately begin to operate its own facility within the Xerox Wilsonville campus.
Gentle Giant uses 3D scanning and modeling to develop and manufacture licensed 3D printed characters, toys and collectibles from a variety of franchise properties with global brand recognition, including Marvel, Disney, AMC’s The Walking Dead, Avatar, Harry Potter and Star Wars.
3DS plans to immediately leverage Gentle Giant Studios technology and library of digital content into its consumer platform, the company said.
”Gentle Giant Studios catapults 3DS’s consumer platform forward with highly curated, licensed characters, content publishing know-how and first-mover experience for the benefit of leading toy companies, movie studios and their merchandising divisions,” said Avi Reichental, president and CEO, 3D Systems.
For more information, visit 3D Systems.
Sources: Press materials received from the company and additional information gleaned from the company’s website.