Stratasys to Buy MakerBot in $403 Million Deal
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Big news in the extruded molten thermoplastic, layered photopolymer world of 3D printing: privately held MakerBot has agreed to merge with Stratasys in a stock-for-stock deal valued at $403 million (based on Stratasys’ stock price at yesterday’s market close). The deal is expected to close by October.
Founded in 2009, Brooklyn-based MakerBot is the most recognized name in desktop 3D printers–its Replicator 2 will be available on Amazon later this month–and Stratasys, formed last year by the merger of Stratasys and Objet, plans to preserve the MakerBot brand, management, and “spirit of collaboration it has built with its users and partners.” CEO and co-founder Bre Pettis will continue to lead MakerBot, which will operate as a separate subsidiary of Stratasys. “We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things using a MakerBot, and allow us to bring our 3D technology to more people,” said Pettis in a statement announcing the deal. MakerBot has sold approximately 22,000 3D printers to date. Next up for the company: the MakerBot digitizer desktop 3D scanner, which promises “a quick and easy way to turn the things in your world into 3D designs you can share and print.”
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