Stratasys to Acquire MakerBot
MakerBot, headquartered in Brooklyn, NY, has agreed to merge with a subsidiary of Stratasys, Minneapolis, MN, in a stock-for-stock transaction.
MakerBot, founded in 2009, helped develop the desktop 3D printing market and has built the largest installed base of 3D printers. The company has sold more than 22,000 3D printers since 2009.
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. The merger is expected to be completed during the third quarter of 2013 and is subject to regulatory and other approvals.