Stratasys And Desktop Metal To Merge: A Milestone For Consolidation In Additive Manufacturing, Reports IDTechEx
Two 3D printing industry titans, Stratasys and Desktop Metal, announced their merger on May 25th, 2023, marking a significant milestone in the additive manufacturing industry.
- Two 3D printing industry titans, Stratasys and Desktop Metal, announced their merger on May 25th, 2023, marking a significant milestone in the additive manufacturing industry.
- Subject to final approvals, Stratasys shareholders are expected to own 59% of the combined entity, with Desktop Metal shareholders owning the other 41%.
- Desktop Metal CEO and Chairman, Ric Fulop, stated, "We believe this is a landmark moment for the additive manufacturing industry.
- Desktop Metal and Stratasys will offer eight different additive technologies once merged, covering polymer, metal, ceramic, composite, wood, and sand materials.