Leading 3-D printer firms to merge in $403M deal

Share via AddThis
Posted on June 21, 2013

Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.

Stratasys Ltd. said Wednesday the acquisition will enable it to offer affordable desktop 3-D printers. MakerBot, whose machines are priced around $2,000 to $3,000 and are aimed at the “prosumer” market, sells direct to buyers over its website. In contrast, Stratasys makes machines priced $10,000 to $600,000 mostly to industrial clients through resellers.

MakerBot’s owners will receive 4.76 million newly issued Stratasys shares and are eligible for another 2.38 million through the end of 2014 if certain performance targets are met. That could raise the purchase price by about $201 million based on Wednesday’s closing stock price.

The merger is expected to be completed in the third quarter of this year.

Stratasys is based in Eden Prairie, Minnesota, and Rehovot, Israel. Its shares rose $2.40, or 2.8 percent, to $87 in after-hours trading. New York-based MakerBot is privately held.

MakerBot will keep its name, products and strategy as a unit of Stratasys. Stratasys said the purchase will add to its growth, but will reduce net income slightly in 2013 and add to it in 2014.

MakerBot also runs the website Thingiverse.com, which offers a large collection of downloadable digital designs for physical objects.

Read more at: Phys.org



41,474 science & technology articles

Categories

Our Articles (see all)

General News

Follow us

Facebook   Twitter   Pinterest   StumbleUpon   Plurk
Google+   Tumblr   Delicious   RSS   Newsletter via Email

Featured Video (see all)

nuclear systems deep space
Nuclear Systems for Deep Space Exploration
As NASA continues its exploration of Deep Space, it must find alternative power sources when sunlight is not…

Featured Image (see all)


Journey to Space in a Vacuum Chamber
When you need to test hardware designed to operate in the vast reaches of space, you start in…