3D Systems Corporation(NYSE:DDD) Announces Acquisition of Robtec

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3D Systems Corporation(NYSE:DDD) announced that it entered into a definitive agreement to acquire Robtec. Headquartered in Sao Paulo, Brazil. Under the terms of the definitive agreement, 3DS will acquire 70% of the shares of Robtec at closing and the remainder of the shares on the 5th anniversary of the closing. The terms of the transaction have not been disclosed.

The transaction provides 3DS with the strongest possible platform for its Quickparts fast-turn, custom manufacturing expansion plans in Latin America and multiplexes its in-region 3D printing and additive manufacturing reseller coverage.

Analysts have a consensus price target of $82 on 3D Systems Corporation(NYSE:DDD) which indicates a 74% upside. The consensus rating of the stock is a HOLD with a score of 2.42. There are currently 5 Hold ratings, 3 Sell ratings and 11 Buy ratings on the stock.

A recent analyst action consisted of Goldman Sachs initiating coverage on the stock with a Neutral rating and $63 price target.

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