Motorola Mobility, a Google company, is building a 3D printed modular phone, and has partnered with 3D Systems for commercial fulfillment. More »
The Captured Dimensions pop-up studio was located in the Smithsonian Castle and featured approximately 80 digital cameras all connected to 3D software. More »
Microsoft expanded their support for 3D printing by launching a Windows 8 app called 3D Builder. It includes a library of objects you can edit and 3D print. More »
3D Systems (NYSE:DDD) announced the availability of the Sense 3D scanner, the first 3D scanner designed for the consumer and optimized for 3D printing. More »
With rumors circling that 3D Systems will be purchased by IBM, the stock soars. We look at why IBM might be interested in the 3D printing giant. More »
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
How Big Can 3D Printing Go?
Here is an interesting infographic that shows how big you can 3D print various materials. As featured by Shapeways:
The infographic was produced by Guido Hermans who is currently pursuing a PhD in industrial design focusing on mass customization through additive manufacturing in the Design Research Group at Umea Institute of Design in north Sweden.
Via Shapeways.
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
Featured Design: 3D Printed Japanese Laquer Containers
Our featured design comes this week from nendo:
A small container created using a 3D printer that cuts, stacks and pastes sheets of paper one by one. We finished the surface with lacquer. The lacquer adhered thickly to the edges of the accumulated paper, and pulled at the paper’s surface, resulting in a mysterious texture like wood grain.
View all images of the design.
