The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by 3D Systems Inc. (‘3DS’) of the US and Saudi Arabian Industrial Investments Company (‘Dussur’) of Saudi Arabia.
The joint venture will be active in providing 3D printing services mainly in Saudi Arabia. 3DS is active in the 3D printing industry.
Dussur is a strategic investment company investing in strategic economic sectors, such as engines manufacturing, industrial metals and specialty chemicals.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that the joint venture has no actual or foreseen activities in the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.1085.