3D Printing: Makerbot Acquired By Israel’s Stratasys For $403M in Stock
From The Next Web:
MakerBot, a Brooklyn, NY-based startup which makes desktop 3D printers for consumers and professionals alike, is being acquired by Stratasys, an Israeli-based 3D printer and additive manufacturer. The initial value of the proposed merger is $403 million based on Stratasys’ stock price today. It’s said that the combination of the two will aid in accelerating adoption of 3D printers by the mass market.
From the Makerbot/Stratasys News Release:
The company has sold more than 22,000 3D printers since 2009. In the last nine months, the MakerBot Replicator 2 Desktop 3D Printer accounted for 11,000 of those sales.
The combination of these two industry leaders is expected to drive faster adoption of 3D printing for multiple applications and industries, as desktop 3D printers are becoming a mainstream tool across many market segments. Upon completion of the transaction, MakerBot will operate as a separate subsidiary of Stratasys, maintaining its own identity, products and go-to-market strategy. The merger enhances Stratasys’ leadership position in the rapidly growing 3D printer market, by enabling Stratasys to offer affordable desktop 3D printers together with a seamless user experience.
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.