3D Printing Stocks M&A » By The Online Investor Staff, updated Tue., Apr. 16, 9:43 AM
Recent mergers and acquisitions in the 3D Printing Stocks M&A category.
| This Slide: #9 of 50 |
Slide #9. Stratasys — Harvest Technologies
Acquirer:
Stratasys (NASDAQ:SSYS)
Acquiree:
Harvest Technologies
Details:
Harvest Technologies, a Belton, Texas based additive manufacturing service bureau, announced today that it has entered into a definitive agreement for its acquisition by Stratasys (NASDAQ: SSYS), a leading global provider of 3D printing and additive manufacturing solutions. In conjunction with its acquisition of Harvest Technologies, Stratasys also announced its acquisition of Solid Concepts Inc., the largest independent additive manufacturing service bureau in North America. The transactions are expected to be completed early in the upcoming third quarter, subject to customary closing conditions, and are expected to be accretive to Stratasys' Non-GAAP earnings per share within the first 12 months after closing. Upon completion of the transactions, Stratasys will combine Harvest Technologies and Solid Concepts with RedEye, Stratasys' existing digital manufacturing service business, to establish one additive manufacturing services business unit. Joe Allison, President of Solid Concepts, will join the Stratasys management team and lead the combined parts business, supported by the strong management teams of Solid Concepts, Harvest Technologies, and RedEye.
Stratasys is engaging in polymer-based 3D printing solutions. Co. provides a suite of products for applications such as rapid prototyping (RP), tooling, and manufacturing parts. Co.'s products include 3D printing systems, consumable materials, software and services. Co. provides a series of printing systems suitable for RP, from design validation, visualization and communication to form, fit and functional performance testing. Co. sells a range of 3D printing materials, consisting of fused deposition modeling spool-based filament materials, PolyJet cartridge-based resin materials, non-color digital materials, and color variations, for use in its 3D printers and production systems.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 25th percentile
(ranked lower than approx. 75% of all stocks covered)
Analysts' Target Price: SSYS Stock Forecast Based on Zacks ABR data; powered by Xignite |
