Hexagon is acquiring 3D Systems’ Geomagic suite of interoperable software packages, which are used to create 3D models, typically from 3D scan data, for $123M.
The Geomagic suite, which includes products such as Design X, Control X, Freeform and Wrap, is used to process 3D scan data to build CAD models from existing forms, allowing the user to create a history based parametric CAD model for use in product development. The move does not include the 3D printing specific software 3D Expert or the Oqton platform.
The Geomagic software tools are typically used to repair issues with scan data – adding in surfaces that the scanner cannot capture, or removing artefacts – but can also be used to undertake initial free-form design, modify existing CAD models and to accurately measure and inspect parts for quality control purposes when finished.
The deal also includes the popular Geomagic for Solidworks reverse engineering plugin, which allows direct scanning into the Solidworls environment, with advanced mesh and PMI editing tools.
Hexagon says that the newly acquired capabilities will strengthen the existing software portfolio of its Hexagon Manufacturing Intelligence division and combine with its portable metrology sensors to deliver a suite of solutions across the full range of manufacturing applications.
“The combination of Geomagic and our existing solutions will further strengthen our market leadership in 3D metrology and reengineering, demonstrating our commitment to deliver increasingly user friendly tools capable of executing complex tasks, so our customers can bring innovative, high quality products to the market at speed and with confidence. We look forward to welcoming the Geomagic team to Hexagon.” said Norbert Hanke, interim President and CEO.
Hexagon will pay a purchase price of $123M for the Geomagic software business, on a cash and debt free basis. In 2023, the acquired software business had around 100 employees, generated revenues of around $30M. The transaction is expected to be completed early in the second quarter of 2025.
3D Systems acquired Geomagic in January 2013 for $55 million, described by then CEO Abe Reichental as “the perfect strategic fit”. Little over a decade later and 3D Systems has undergone wholesale changes, now offloading its software division.
