Brooklyn-based 3D desktop printing company MakerBot announced yesterday that it will be acquired by fellow 3D printing leader Stratasys. The two companies signed a definitive merger agreement yesterday with the aim of combining their efforts to spur an even faster adoption rate of 3D printing technology. A press conference discussing the acquisition is scheduled for 10:00 a.m. this morning at MakerBot’s Brooklyn headquarters.
“The last couple of years have been incredibly inspiring and exciting for us,” said Bre Pettis, the CEO and co-founder of MakerBot. “We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things using a MakerBot, and allow us to bring 3D technology to more people. I am excited about the opportunities this combination will bring to our current and future customers.”
Stratasys, a publicly traded company, is already a leader in the 3D printing and additive manufacturing industry but is aiming to extend their market reach with the acquisition of privately held MakerBot, which specializes in desktop 3D printing. Under the terms of the merger, MakerBot will merge with a subsidiary of Stratasys in a stock-for-stock transaction. The transaction is expected to be completed during the third quarter of 2013 after which MakerBot will continue to maintain its own branding and identity as a separate subsidiary of Stratasys. Bre Pettis will continue to lead the company.
Photos © Diane Pham for Inhabitat NYC