Stratasys and Objet complete merger
European Plastics News staff
Posted 4 December 2012
3D printer leaders Stratasys and Objet have finalised a deal, first announced in April this year, to merge. The new company has a combined market value of $1.4bn (€1.1bn).
Stratasys says it is now “uniquely positioned” to sell innovative products. It will sell three major technologies: FDM for functional prototypes and production parts; inkjet-based PolyJet for prototyping parts with high feature detail and fine surface finish; and Solidscape Drop-on-Demand thermoplastic ink-jetting technology for complex wax patterns, which are used for investment casting of finished parts.
David Reis, former chief executive officer of Objet, has taken on the role of chief executive officer.
Stratasys posted sales of almost $156m (€118.8m) in 2011. The new firm is expected to have annual sales growth of at least 20%, officials said when the deal was announced earlier this year.
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