3D Systems Acquires Simbionix For $120M

July 31, 2014 | American 3D printing company 3D Systems announced that it will acquire Israeli company Simbionix for $120 million in cash. Simbionix is a global leader in 3D virtual reality surgical simulation and has been acquired by 3D systems so that the latter company can expand its reach in the 3D healthcare field. The acquisition is set to be completed in the next 30 days, subject to some closing conditions. “Simbionix is a perfect match for our healthcare business and its powerful technology, products, channels and domain expertise expands our 3D healthcare capabilities from the training room to the operating room, and extends our first mover advantage in this fast growing vertical,” said Avi Reichental, President and Chief Executive Officer, 3DS. Simbionix, headquartered in Cleveland, Ohio but with R&D centers in Israel, has created patient-specific simulation technology that was approved for use by surgeons by the FDA in the US.