Stratasys Ltd unveiled plans to buy privately held MakerBot in a stock-for-stock transaction valued at $403 million, a deal that expands Stratasys’ position in the three-dimensional printer market.
Stratasys said the merger is poised to drive faster adoption of 3D printing for multiple applications and industries.
After the deal closes, which is expected to occur in the third quarter, MakerBot will operate as a separate subsidiary of Stratasys. MakerBot Chief Executive and co-founder Bre Pettis will continue to lead the business, Stratasys said — via redwolf.newsvine.com
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