Israeli 3D printer manufacturer Stratasys is looking to acquire the American 3D printing company Desktop Metal Inc. According to a report by Bloomberg, if the acquisition takes place the combined new company would be worth $1.8 billion. The proposed deal is said to be a stock swap.
This would be the second acquisition made by Stratasys in the last year. In August 2022, it acquired the German additive materials company Covestro AG for $43 million.
Meanwhile, Stratasys has been dealing with its own takeover attempts. Nano Dimension, another Israeli company in 3D printed electronics, has been making bids to acquire it.
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Desktop Metal was founded in 2015, says the firm, to make metal and carbon fiber 3D printing accessible to all engineers, designers, medical professionals and manufacturers. The company says it has paired 3D printing technologies that we view as truly production capable with performance materials and select applications and technologies to help drive the next generation of additive. Achieving this goal requires speeds and costs that compete with conventional manufacturing, as well as new levels of uptime and reliability in 3D printing.
“We’ve paired 3D printing technologies that we view as truly production capable with performance materials and select applications and technologies to help drive the next generation of additive,” says Desktop Metal. “Achieving this goal requires speeds and costs that compete with conventional manufacturing, as well as new levels of uptime and reliability in 3D printing.”
In less than a decade, Desktop Metal says it has helped to reshape the AM industry. With a growing team of 1000+ employees, the firm offers binder jet 3D printing, and boasts one of the world’s largest networks of DLP polymer customers — two processes they view as key to driving mass 3D production. Headquartered in Burlington, Mass., Desktop Metal now has engineering facilities in California, Michigan, New Jersey, Ohio, Pennsylvania, and Texas — as well as Germany, Italy, Belgium and Japan. In all, our distribution network now spans 65+ countries, with 200+ partners.
Stratasys offers 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys boasts that its solutions deliver “competitive advantages at every stage in the product value chain.”