3D Systems Inc. entered into a definitive agreement to acquire Wilsonville, Oregon product design, engineering and chemistry group assets of Xerox Corporation (NYSE:XRX) for $32.5 million in cash on December 18, 2013. As part of this agreement, 3DS expects to add more than 100 experienced Xerox engineers and contractors specializing in product design and materials science to its global R&D team and immediately begin to operate its own facility within the Xerox Wilsonville campus. Xerox will maintain ink and print head development resources along with research relevant for digital printing and the 3D markets. The transaction is subject to fulfillment of certain customary conditions and is expected to close before the end of 2013. Needham & Company acted as financial advisor for 3D Systems.

3D Systems Inc. completed the acquisition of Wilsonville, Oregon product design, engineering and chemistry group assets of Xerox Corporation (NYSE:XRX) on January 2, 2014.