Benzinga | Jun 1, 2021 01:03PM EDT

3D Systems to Sell 3D Printing Business to Trilantic North America for Undisclosed Sum

* Private equity firm, Trilantic North America, has agreed to acquire 3D Systems Corp's (NYSE:DDD) On-Demand Manufacturing business.

* The financial terms of the transaction were not disclosed.

* The On-Demand business provides 3D printing and custom manufacturing services.

* The On-Demand Manufacturing company will operate under the name, QuickParts, and be led by its former SVP Ziad Abou as the CEO.

* 3D Systems held $132.4 million in cash and equivalents as of Mar. 31, 2021.

* Price action: DDD shares traded higher by 0.07% at $29.41 on the last check Tuesday.