Category Archives: News
3D Systems Acquires Paramount Industries to Advance Aerospace and Medical Device 3D Printing
3D Systems (NYSE:DDD) announced the acquisition of Paramount Industries, a leader in product development and manufacturing solutions for aerospace and medical devices. This news comes on the heels of 3D Systems’s acquisition of My Robot Nation, and the $1.4 billion merger of Stratasys and Objet.
Abe Reichental, President and CEO of 3D Systems, made the statement, ”We are very pleased to add a proven direct manufacturing innovator of Paramount’s reputation, experience and scale to our rapidly growing, global network of on-demand parts services.”
This acquisition is the latest in a string of M&A deals by 3D Systems since the company went public in early 2011.
Paramount Industries itself is a 45-year-old company with deep expertise:
Paramount Industries is among the world’s most experienced manufacturers and providers of product development services, including product design and engineering, rapid prototyping, rapid tooling and direct manufacturing that produces custom parts direct from digital input.
Originally founded in 1966, Paramount has expanded its scope to apply advanced technology in all aspects of product development. Today, Paramount offers a comprehensive array of services. In addition to rapid prototyping and rapid tooling, Paramount sets the pace in direct manufacturing of precision parts from 3D CAD digital input, utilizing advanced Selective Laser Sintering technology. Paramount’s services also include injection molding, full-scale manufacturing from domestic and offshore facilities as well as assembly and packaging.
The video below showcases Paramount Industries’ high temperature laser sintering capabilities.
More information in the Press Release.
3D Printing Changes the Game for Scientific Experiments [Video]
Researches are leveraging 3D printing technology to conduct new types of experiments, specifically by turning the container used in the experiment into a reactive material.
Leroy Cronin, a chemist at the University of Glasgow in Scotland, published their work in the April 15 edition of Nature Chemistry, including the method of generating custom labware made to suit individual researchers’ needs.
Looking beyond this experiment, Cronin sees 3D printing playing a pivotal role in scientific progress:
In the distant future, Cronin envisions that researchers and perhaps even ordinary consumers could download 3D printing programs similar to smart-phone applications. Such applications might instruct the printer to create a vessel that has a pre-programmed and fully tested chemical reaction built in.
The video below highlights the work of Cronin and his colleagues.
Via Nature.
Stratasys and Objet Merger: Analysis and Key Takeaways
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 Merges with Objet to Create 3D Printing Powerhouse in $1.4 Billion Deal
Consolidation is in the air! Last week we saw 3D Systems acquire My Robot Nation. This week, Stratasys (NASDAQ:SSYS) announced a plan to merge with Objet Ltd. in an all-stock transaction valuing the newly combined company at $1.4 billion, according to a press release.
The combined company, which will retain the Stratasys name and operate under the name Stratasys Ltd., will have dual headquarters in Eden Prairie, Minnesota and Rehovot, Israel, the locations of Stratasys’ and Objet’s current headquarters, respectively, and will be registered in Israel. The company will continue to trade on NASDAQ under the ticker SSYS. Scott Crump, co-founder, current chief executive officer and chairman of Stratasys, will become full-time chairman of the combined company. Upon completion of the transaction, the combined company will also form an executive committee comprised of four members of the board of directors whose duties will include overseeing the integration of Stratasys and Objet and implementing the combined company’s business strategy. Elchanan Jaglom, current chairman of Objet, will serve as chairman of the executive committee of the combined company.
We recently featured Stratasys’s Global 3D Printing Design Competition and Objet’s role in Hollywood Special Effects.
Stratasys beat analysts expectations for Q1 2012, pulling in revenue of $45 million compared to expectations of $42 million.
Stratasys classifies itself as “a leading manufacturer of 3D printers and production systems for prototyping and manufacturing applications”, and privately held Objet Ltd. as “a leading manufacturer of 3D printers for rapid prototyping.” Once merged, this entity will have an undeniable leadership position in the emerging 3D printing industry.
More details of the merger are available in an investor presentation prepared by Stratasys.
The merger story is also covered by Yahoo! Finance and the Wall Street Journal.
Top 3D Printing Headlines from Last Week: Education, M&A, WSJ, Hollywood, Toys
A roundup of the top news On 3D Printing brought you from April 9 to April 15.
Monday, April
- Improving Education: 3D Printing Lab Equipment to Help Poor Schools
- Explaining the Future: The 3D Printing Revolution by Christopher Barnatt [Video]
Tuesday, April 10
- Old Refrigerators Recycled to 3D Print Modern Furniture [Video]
- 3D Systems (NYSE:DDD) Acquires Startup My Robot Nation
Wednesday, April 1
- Winners Announced in Global 3D Printing Design Competition by Stratasys
- Wall Street Journal Features 3D Printing [Video]
Thursday, April 12
- Futuristic Shopping Experiences: 3D Printing Transforms Retail [Video]
- The Motley Fool Reviews the 3D Printing Market
Friday, April 13
- Will 3D Printing Disrupt the Lucrative Toy Industry?
- Shapeways’ Friday Finds Showcases the Best of 3D Printing Design
Saturday, April 14
