Stratasys and Objet Merger: Analysis and Key Takeaways
Like this? Share it.
Yesterday, Stratasys (NASDAQ:SSYS) announced plans to merge with Objet in an all-stock transaction valuing the newly combined company at $1.4 billion.
Today we are publishing the investor presentation prepared to describe the merger. Here is an analysis with some key takeaways:
- Areas of synergy include a portfolio of complementary products and the strength of a combined leadership team
- Deal highlights for new merged entity:
- Stock-for-stock merger with 55% owned by Stratasys; 45% by Objet
- Will combine under the public ticker SSYS on NASDAQ
- Blended management team: Stratasys CEO becomes Chairman and Objet CEO becomes combined CEO
- Dual HQ in Minnesota and Israel
- Transaction expected to close in Q3
- Objet has 2800 customers of 3D printers; 2011 revenue of $121M and net income of $14M; based in Israel with 430 employees
- Stratasys had 2011 revenue of $156M and net income of $22M
- Combined entity has $125.7M in cash and short term equivalents
Stratasys and Objet Merger Presentation
View more presentations from on3dprinting.
Like this? Share it.
[...] profiled the merger between Stratasys and Objet in April, and showcased Objet’s 3D printed Fenway Park in [...]
[...] the Israeli 3D printer manufacturer that recently merged with Stratasys, has announced a new professional Desktop 3D printer priced at [...]
[...] 3D printer manufacturers Stratasys and Objet announced a $1.4 billion merger agreement in April 2012. Today they filed a proxy statement for Q1 financial results and pro forma 2011 [...]