NewsAs expected, 3D Systems today announced that the Geomagic deal has closed. To recap, 3D Systems paid $55 million in cash to add Geomagic’s 3D design, sculpting and inspection scan processing solutions to its portfolio. Geomagic is expected to be accretive to earnings and contribute approximately $17 million in revenue in 2013. Given that this covers 10 months, it’s reasonable to assume that Geomagic had somewhere under $20 million in revenue last year.

Avi Reichental, CEO of 3D Systems, said in a prepared statement, “The completion of this transaction today marks the beginning of a journey to democratize access to our unmatched portfolio of powerful 3D content-to-print products and services for the benefit of professionals and consumers alike.”