3D Systems to Acquire Xerox’s Wilsonville Campus & Other Assets

Xerox announced a deal to sell its Wilsonville, Oregon product design, engineering and chemistry group to 3D Systems of Rock Hill, South Carolina. The sale, for $32.5 million in cash, would include related assets. Both companies expect to complete the transaction in December, 2013.

According to the agreement, 3D Systems plans to recruit more than 100 experienced Xerox engineers and contractors specialized in product design and material science to its global R&D team. In addition to beginning the operation of its own facility at the Xerox Wilsonville campus, 3D Systems plans to increase its annual R&D expenditures by about 75% to 100% over the next few years. Meanwhile, Xerox will maintain ink and print head development resources along with research relevant to digital printing and 3D markets.

Avi Reichental, President and CEO at 3D Systems, said, “We are pleased to expand our relationship with an innovative partner of the caliber of Xerox and expect that acquiring some of the Xerox Wilsonville engineering team, together with their state-of the-art development labs and selected licensed IP, to catapult our 3D printers’ development and manufacturing capabilities forward.”

“This deal takes advantage of Xerox’s world-class capabilities and expands our relationship with 3D Systems in the exciting and dynamic 3D printing industry,” commented Kevin Warren, President of Xerox Strategic Growth Initiatives.