Stratasys acquire MakerBot for $403M

Untitled-1

Stratasys Ltd. (SSYS) today unveiled a plan to acquire MakerBot for a whopping at $403 million! MakerBot will continue to operate as a separate subsidiary but the Replicator printers will now fill the gap for entry level 3D printers for Stratasys competing directly with the Cube and CubeX 3D Printers from 3D Systems. 

MakerBot has sold more than 22,000 3D printers since it was founded in 2009 and in the recent first quarter it generated total revenue of $11.5 million. The company’s products are increasingly used by so-called prosumers, including engineers, designers, architects, manufacturers who buy high-tech products or equipment, and consumers for personal applications. MakerBot Chief Executive and co-founder Bre Pettis will continue to lead the business, Stratasys said.

Under the terms of the agreement, Stratasys will initially issue about 4.76 million shares in exchange for all outstanding capital stock of MakerBot, valuing the deal at an initial $403 million, based on Stratasys’s closing stock price of $84.60 on Wednesday.

Additional performance-based earn-outs that MakerBot shareholders might be entitled to are valued at an initial $201 million.

Stratasys in December completed its $1.4 billion merger with the privately held three-dimensional printing company Objet Ltd.

 

 

Comments are closed.
Latest 3D Printing News
Don't worry about missing the latest news
Subscribe Now

Your information will not be shared to anyone