Tag Archives: Fasotec

Stratasys Expands Its Presence in Japan Through Fasotec Acquisition

3D Printing Leader Exercises Option to Acquire Fasotec Minority Interest in Stratasys Japan

Stratasys Asia Pacific, a subsidiary of Stratasys Ltd, announced that it plans to exercise the option to acquire the remaining holdings of Fasotec in Stratasys Japan. Following the exercise of the option, Stratasys Japan will become a wholly owned subsidiary of 3D printing giant Stratasys Ltd., departing from a joint venture previously established by Objet.

Related: Stratasys and Objet Complete Merger Forming $3 Billion Company

“We witness strong growth in the 3D printing market in Japan. Stratasys is positioned to invest more on infrastructure in order to build awareness and a strong foundation to support our customers, partners and the industry,” said Jonathan Jaglom, General Manager of Stratasys AP. “We wish to sincerely thank our partner, Fasotec, for their years of commitment in the partnership, which helped create new opportunities in the market for us.”

Stratasys Japan

Stratasys a leading manufacturer of 3D printers and production systems for prototyping and manufacturing.

Stratasys Japan will continue to market and sell the Stratasys product offering under Stratasys’ direction. Further, Stratasys Japan will have full ownership of the installed base and its related service contracts. This move reinforces Stratasys’ commitment to overall business coverage in Japan, and expands its local industry footprint.

Related: Stratasys Signs Aurora Group for 3D Printer Distribution in China

The decision by Stratasys to exercise the option stems from its belief that this will allow Stratasys to better prepare for future growth in the rapidly expanding Japanese market.

“The 3D printing industry is growing rapidly in Japan. By exercising the option under the JV agreement and acquiring full ownership of Fasotec, we will complete a smooth transition to a wholly owned subsidiary committed to continuing to provide best-in-class 3D printing solutions, services and technologies that are suitable for the Japan market,” said Eric Goguy, CEO & President of Stratasys Japan.

Related: Full analysis of the MakerBot acquisition by Stratasys

Objet Launches 3D Printing Joint Venture in Japan

3D Printing in Japan

Objet announced the establishment of Objet Japan KK, a new joint venture formed together with the 3D Printer division of Fasotec Co. Ltd, Objet’s longstanding distributor in the region.

From the press release:

The new entity is established in line with Objet’s global strategy to offer local support in key strategic markets, meeting the increasingly intricate requirements due to complexity of product portfolio and adapting to suit unique local conditions. Objet holds majority of ownership share of the new entity.

Objet has been providing the Japanese market cutting-edge 3D printing technology since 2003. Demand for the latest technology and advanced applications have been growing steadily over the years, and are expected to continue. Driven by the advanced requests, the new entity is established to be closer to the market for better understanding of specifications and to keep with the pace of the fast-changing Japanese market. Combining the experience of market knowledge and industry best-practices, Objet Japan is committed to satisfy both partners and customers on both products and services.

We profiled the merger between Stratasys and Objet in April, and showcased Objet’s 3D printed Fenway Park in May.


Via MarketWatch.

Akihabara photo by Danny Choo used under Creative Commons license.