3D Systems to Acquire Competitor's Product Line

3D Systems Corp. has agreed to acquire the rapid prototyping "Stereos" product line and business from EOS GmbH of Germany, 3D's major European competitor, the Valencia-based company said.

Additionally, under the terms of the agreement 3D would settle all patent infringement and unfair competition lawsuits brought in 1993 and 1994 against EOS and an EOS customer, as well as all patent office proceedings between the two companies.

3D will pay $3.25 million and issue a warrant for EOS to buy 150,000 of its common stock at $8 a share within the next three years as part of the deal, which is expected to be finalized by Thursday, the company said.

3D's products are used to make three-dimensional models based on computer-generated designs.

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