Stratasys has signed a definitive agreement to acquire Covestro’s additive manufacturing materials business, including R&D facilities and activities, global development and sales teams across Europe, the US and China, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio comprised of hundreds of patents and patents pending. The purchase price is approximately US$44m, plus additional inventory.
According to Stratasys, Covestro has been a key part of its third-party materials ecosystem, and the acquisition will benefit customers using multiple Stratasys 3D printing platforms, including its Origin P3, Neo stereolithography and H350 printers. Stratasys is already a distributor of Covestro’s Somos resins, which are available for Neo and Origin One 3D printers.
“Innovative materials are the fuel of additive manufacturing and translate directly into the ability to create new use cases for 3D printing, particularly in the production of end-use parts like dental aligners and automotive components,” said Stratasys CEO Dr Yoav Zeif. “The acquisition of Covestro’s highly regarded additive manufacturing business positions us to further grow adoption of our newest technologies. We will now have the ability to accelerate cutting-edge developments in 3D printing materials, and advance our strategy of providing the best and most complete polymer 3D printing portfolio in the industry.”