Stratasys growth via accretive acquisition

Stratasys, a specialist in polymer 3D printing solutions, has signed a definitive agreement to acquire the additive manufacturing materials business of Covestro AG. The acquisition will include: R&D facilities and activities; sales teams across Europe, the US and China; a portfolio of approximately 60 additive manufacturing materials; and an extensive IP portfolio comprised of hundreds of patents and patents pending. The purchase price is approximately €43m, plus additional inventory, less certain liabilities.

Covestro has been a key part of Stratasys’ third-party materials ecosystem, and the acquisition will benefit customers using multiple Stratasys 3D printing platforms, including its Origin P3, Neo stereolithography and H350 printers. Stratasys is already a distributor of Covestro’s Somos resins and they are already available for Neo and Origin One 3D printers.
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