According to internal documents, the 3D printing company 3D Systems is considering the sale of its software subsidiary Oqton. This emerges from the company’s quarterly report. The move is apparently intended to rehabilitate 3D Systems’ financial situation.
Oqton was only acquired in 2021 for $180 million. The company develops control software for additive manufacturing processes based on artificial intelligence. Customers include industry giants such as HP, EOS and Stratasys.
However, the acquisition apparently did not develop as hoped. Therefore, a sale of Oqton is now considered more likely. In addition to focusing on its core business, 3D Systems also expects this to improve its own financial indicators.
Most recently, the 3D pioneer, which has been struggling with declining sales and losses for some time, also announced a reduction in employment of around six percent and further restructuring.