3D printing specialists merge
Direct digital and three-dimensional (3D) printing companies Stratasys Inc, of the US, and Objet, of Israel, have merged to form Stratasys, which was listed on the Nasdaq stock exchange on December 3.
Following the merger, Stratasys predicts it will generate between $7-million and $8-million in net yearly cost synergies and between $3- million and $4-million in yearly tax savings.
Former Stratasys Inc stockholders hold about 55% of the combined company’s common stock and former Objet shareholders hold about 45% on a fully diluted basis using the treasury stock method.
Prior to merging, the two companies’ revenues totalled $277-million in 2011.
Stratasys’ current market valuation is $3-billion and it offers three leading technologies – a patented fused deposition modelling (FDM) for functional prototypes or the manufacturing of parts directly from 3D computer-aided design software, or other 3D content; inkjet-based PolyJet for prototyping parts, with high-feature detail and fine-surface finish; and solidscape drop-on-demand thermoplastic inkjet technology for complex wax patterns for investment casting of finished parts.
Systems include afford- able desktop 3D printers for idea development, a variety of systems for prototyping and large production systems for direct digital manufacturing.
Stratasys has more than 120 3D printing materials, including 100 proprietary inkjet-based photopolymer materials and ten proprietary FDM-based thermoplastic materials.
The company has more than 260 channel partners worldwide, which allows it to leverage the geographic reach of its marketing and sales organisation to serve customers and create awareness in 3D printing for rapid prototyping and production. A new research and devel- opment team will focus on developing new consumables and systems.
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