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MakerBot Acquired by 3D Printing Company Stratasys in $403 Million Stock Deal
Desktop 3D printing is about to get very popular thanks to a new merger between leading 3D printing company MakerBot and Israeli 3D printer and additive manufacturer Stratasys. MakerBot, which recently opened a 50,000 square foot factory in Brooklyn, has sold 22,000 3D printers since it was first opened in 2009, and the $403 million stock-for-stock transaction is expected to widen the Stratasys market.
Although the two companies will merge as one to catalyze faster uptake of personal 3D desktop printing, MakerBot will continue to function as a separate entity with its own branding and marketing strategy, and Bre Pettis, CEO and co-founder of MakerBot, will continue to lead the company.
“MakerBot’s 3D printers are rapidly being adopted by CAD-trained designers and engineers,” said David Reis, Stratasys CEO.
“Bre Pettis and his team at MakerBot have built the strongest brand in the desktop 3D printer category by delivering an exceptional user experience. MakerBot has impressive products, and we believe that the company’s strategy of making 3D printing accessible and affordable will continue to drive adoption.”
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