Goldman Sachs Comments on 3D Systems (DDD) Service Bureau Acquisition

Goldman Sachs maintained a Neutral rating on 3D Systems (NYSE: DDD) with a price target of $63.00. Comments follow news it entered into a definitive agreement to acquire Robtec. Headquartered in Sao Paulo, Brazil, Robtec is the largest Latin-American additive manufacturing service bureau and the leading 3D printing and scanning products distributor in the region. Analyst Samuel H. Eisner thinks the deal highlights trends in acquisition of service bureaus

"DDD’s announcement comes on the heels of the SSYS (Nasdaq: SSYS) agreement to purchase two service bureaus in early April. Given the pace of new product introductions in the industry, service bureaus likely allow for a greater degree of channel control for OE’s. While service bureaus are likely slower-growing acquisitions relative to platform acquisitions, we are positive on customer wallet-share gains provided by bureau acquisitions," said Eisner.

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.

Shares of 3D Systems closed at $47.31 yesterday.

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