MakerBot Acquired by Stratasys for $403 Million
3D Printing Company MakerBot Acquired by Stratasys
According to a report from the Wall Street Journal, privately-held MakerBot will trade its stock for new stock issue of publicly-traded Stratasys in a transaction that expands the growth of the desktop 3D printer market.
The Wall Street Journal also released details about MakerBot’s sales of 3D printers.
MakerBot has sold more than 22,000 3D printers since it was founded in 2009 and in the recent first quarter it generated total revenue of $11.5 million. The company’s products are increasingly used by so-called prosumers, including engineers, designers, architects, manufacturers who buy high-tech products or equipment, and consumers for personal applications.
This is Stratasys’ second large deal in the last year. In December, Stratasys merged with Objet to create a $3 billion juggernaut.
We’ve reached out to MakerBot for comment.