Cimatron Acquired By 3D Systems For $97M

November 25, 2014 | The Israeli company Cimatron reports that it was acquired by the global integrated solutions 3D printing company 3D Systems for $97 million. The American company, based in South Carolina, acquired Cimatron for $8.97 a share, a price lower than the peak share prices Cimatron saw earlier in the year. 3D Systems is traded at a $3.9 billion market cap on the New York Stock Exchange, and according to the company’s announcement, the acquisition “will bolster the latter’s [3d System’s] standing in the rapidly growing design segment.” Cimatron is a product design software developer headed by CEO and President Danny Haran. 3D Systems is managed by former Israeli, CEO and President Avi Reichental.