Stratasys Ltd. (NASDAQ: SSYS), the leader in 3D printing and additive manufacturing, and MakerBot, the leader in desktop 3D printing, announced the signing of a definitive merger agreement, with Stratasys agreeing to merge with privately held MakerBot.
Stratasys CEO David Ries spoke at this morning’s 10:00am press conference with MakerBot CEO Bre Pettis about the merger. “I think this merger is bringing together two very unique companies.” Ries explained how Stratasys won’t just be taking on the 3D printing technology that MakerBot holds, but Stratasys intends for MakerBot to operate as a separate subsidiary, preserving its existing brand and management.
Upon completion of the merger, Stratasys and MakerBot will jointly develop and implement strategies for building on their complementary strengths, intellectual property, technical and technology (FDM) know-how, and other unique assets and capabilities. The opportunities may also include accelerating MakerBot’s reach by leveraging Stratasys’ global infrastructure and cross-promotion of products into the installed base of the combined companies.