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Prodways Group, a French 3D printer manufacturer, acquired a minority stake in US-based XD Innovation, a Dassault Systèmes Platinum Business Partner, to set up XD Innovation Europe.
Prodways Group, the 3D printing subsidiary of Groupe Gorgé, announced it has entered exclusive negotiations to acquire 100% of AvenAo Industrie, a specialist in innovative industrial solutions and distributor of Solidworks and 3D Systems products. The transaction will be paid 50% in shares and 50% in cash, with an additional earn-out of about 20% payable in 2019.