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Scitex Sells Holdings in Objet Geometries

Scitex Corporation has agreed to sell all of its holdings in Objet Geometries Ltd. to several Objet shareholders for $3 million in cash.

Based in Israel, Objet Geometries develops, manufactures, and markets ultra-thin layer rapid prototyping systems and resins that utilize PolyJet polymer jetting technology. The company was founded in 1998.

Beyond Objet Geometries, Scitex Corporation also has investments in: Scitex Vision (75.5%), Jemtex Inkjet Printing Ltd. (73.9%), RealTimeImage Ltd. (14.9%), and XMPie (3.5%). In March of this year, Scitex announced that it was in preliminary negotiations to sell off its holdings in Scitex Vision. (Scitex: www.scitex.com, Objet Geometries: www.objet.co.il)

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