3D Systems

Business in Russia

3D Systems products are available on the Russian market. By the end of October 2015, the company has distribution agreements with Softline, SIU System and Globatek Group.

In 2016, the Russian Eurokappa opened its own laboratory for the production of airliners in Zelenograd. The production is based on 3D Systems printers with a print accuracy of up to 28 micrometers (0.028 mm).

History

2021

=Purchase of biotechnology company Volumetric Biotechnologies for $400 million

At the end of October 2021, 3D Systems announced the purchase of Volumetric Biotechnologies at a price of almost $400 million. Through this acquisition, 3D Systems plans to establish a research center in Houston. The deal is expected to close in the fourth quarter of 2021. More details here.

Purchase of Oqton automation software developer for $180 million

In early September 2021, 3D Systems announced an agreement to acquire Oqton. The value of the transaction is $180 million. 3D Systems, operating in Russia, will pay for the purchase with cash and its own shares. More details here.

2016: New CEO

On April 4, 2016, it was announced the appointment of Vyomesh Joshi as the head of 3D printing printer manufacturer 3D Systems. This news contributed to the growth of company quotes.

Vayomesh Joshi received the position of CEO and President of 3D Systems. Since October 2015, when Avi Reichental left the company by mutual agreement with the board of directors, Andy Johnson was the interim head of the company. After Wyomesh Joshi joined the leadership of 3D Systems, Johnson will continue to work for the company as vice president and general counsel.

2015: Resignation of the head

At the end of October, 2015 it was declared resignation of the head 3D SystemsAvi Avi Reichental that provoked strong fall of stocks of the company.

After 12 years of leadership, Avi Reichental resigned on Wednesday, October 28. It is noted that the resignation occurred by mutual agreement of the head and the board of directors. The reason is not called.

2011: SYCode takeover

SYCode, a developer of data translation applications, was absorbed by an American company with a 1.15 billion capitalization of 3D Systems. The amount of the transaction has not yet been disclosed. SYCODE founder and owner Dilip Menezes, a well-known CAD blogger, writes that SYCODE will now be called 3D Systems India, that he has a lot of organizational work to do: from moving to a larger office to hiring new employees - "I need people who want to become part of something Big during life: this is the mission of the new company."