| Home : June 20 2013 Computer News : 3-D printer maker Stratasys to acquire desktop rival MakerBot |
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3-D printer maker Stratasys to acquire desktop rival MakerBot |
June 20, 2013
3-D printer company Stratasys is acquiring desktop 3-D printer maker MakerBot for over US$400 million in an all-stock deal, to shore up its consumer presence.Privately-held MakerBot has sold more than 22,000 3-D printers since it was founded in 2009, and its printers are increasingly used by a class of "prosumers" that includes individuals using the devices for professional purposes as well as for personal applications, Stratasys said in a statement Wednesday.MakerBot has also set up a portal Thingiverse.com for the sharing of user-generated digital design content to promote system usage. The portal has more than 90,000 3-D product files available for sharing, and generates more than 500,000 unique visitors and 1 million downloads each month, Stratasys said.In the transaction, Stratasys will initially issue about 4.76 million shares in exchange for 100 percent of the outstanding capital stock of MakerBot in Brooklyn, New York. The proposed merger has an initial value of $403 million based on Stratasys' closing stock price of $84.60 as of Wednesday. MakerBot shareholders are also entitled to performance-based payouts of more shares or cash.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2042477/3d-printer-maker-stratasys-to-acquire-desktop-rival-makerbot.html#tk.rss_all
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