Stratasys and Desktop Metal to Combine in Approximately $1.8 Billion All-Stock Transaction
Merger looks to deliver industrial polymer, metal, sand and ceramic solutions from design to mass production.
Stratasys Ltd. and Desktop Metal Inc. announced they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion.
The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing (AM) company that is expected to be well positioned to serve the evolving needs of customers in manufacturing.
Stratasys and Desktop Metal are expected to generate $1.1 billion in 2025 revenue, with significant upside potential in a total addressable market of more than $100 billion by 2032.
Read: Latest AM coverage of Stratasys and Desktop Metal
“Today is an important day in Stratasys’ evolution,” says Dr. Yoav Zeif, Stratasys CEO. “The combination with Desktop Metal will accelerate our growth trajectory by uniting two leaders to create a premier global provider of industrial additive manufacturing solutions. With attractive positions across complementary product offerings — including aerospace, automotive, consumer products, health care and dental, as well as one of the largest and most experienced R&D teams, industry-leading go-to-market infrastructure and a robust balance sheet — the combined company will be committed to delivering ongoing innovation while providing outstanding service to customers. We look forward to building on the complementary strengths of the combined business and leveraging the strong brand equity across the portfolio to deliver enhanced value to shareholders, customers and employees.”
“We believe this is a landmark moment for the additive manufacturing industry,” says Ric Fulop, Desktop Metal co-founder, chairman and CEO. “The combination of these two great companies marks a turning point in driving the next phase of additive manufacturing for mass production. We are excited to complement our portfolio of production metal, sand, ceramic and dental 3D printing solutions with Stratasys’ polymer offerings. Together, we will strive to build an even more resilient offering with a diversified customer base across industries and applications in order to drive long-term sustainable growth. We look forward to combining with Stratasys to deliver profitability while driving further innovation for a larger customer base and providing expanded opportunities for our employees.”
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