Hexagon acquires Geomagic software business from 3D Systems. The transaction supports the company’s Manufacturing Intelligence division, which offers production and design efficiency services to industrial customers.
Geomagic’s revenue was EUR 28 million, and its profitability improves the division’s margins. The acquisition price was EUR 117 million, and the estimated EV/EBIT multiple was approximately 14x, which is below Hexagon’s current valuation. The transaction complements Hexagon’s metrology offering and strengthens the emphasis on software sales.
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