Tag Archives: Stratasys
Top 3D Printing Headlines from Last Week: $1.4 Billion Merger, The Economist, GWiz Fab Lab, 3D Design Software
A roundup of the top news On 3D Printing brought you from April 16 to April 22.
Monday, April 16
- Stratasys Merges with Objet to Create 3D Printing Powerhouse in $1.4 Billion Deal
- How Big Can 3D Printing Go?
Tuesday, April 17
- Stratasys and Objet Merger: Analysis and Key Takeaways
- 3D Printing Changes the Game for Scientific Experiments [Video]
Wednesday, April 18
- 3D Systems Acquires Paramount Industries to Advance Aerospace and Medical Device 3D Printing
- Rebuild (or Clone) the Forbidden City with 3D Printing
Thursday, April 19
- A Look Back at the History of MakerBot, 3D Printing Pioneer [Video]
- 3D Printing Earns Top 10 Fastest Growing Industries, Beats Hot Sauce Production
Friday, April 20
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.
The Motley Fool Reviews the 3D Printing Market
Investment advice site The Motley Fool posted a review of the emerging 3D printing industry. Naturally their attention turned to the performance of public companies in the space.
Objet inc. has recently filed for an IPO valuing itself at $500,000,000 with the last years of revenues topping $150,000,000. Object is one of the biggest 3D printing companies although there are many already trading on the exchanges. Stratasys (NASDAQ: SSYS) is the maker of additive manufacturing machines for prototyping manufacturing and making plastic parts. Stratasys has a market capitalization of 771 million dollars with a P/E of 38.03. 3D Systems (NYSE: DDD) is a manufacturer of 3D printing software and the printers themselves. The company has 1.36 billion market capitalization with a P/E of 35.21.
Expect more IPOs in this space!
Read more at The Motley Fool.
Winners Announced in Global 3D Printing Design Competition by Stratasys
In the eighth annual Extreme Redesign 3D Printing Challenge hosted by Mineapolis-based Stratasys Inc. (NASDAQ: SSYS), students were asked to redesign an existing product or create an original work of art or architecture. Submissions were received from around the globe, including India, Sweden, Romania, and across the US.
Dimension 3D Printing, a division of Stratasys, awarded the winning students cash prizes. Below is a summary of the winners:
1st Place: Pravaah – A Continuous Supply Handpump
Jabalpur, India
Indian Institute of Information Technology Design & Manufacturing
A hand-pump design which not only provides a continuous supply of water and a saving in your utility bills but also provides water during both the phases of pumping.
2nd Place: Diabetic Testing Station
Dearborn, MI
Wayne State University
The main purpose of the DTS is not to replace the users’ current glucometers and lancet pens, rather to provide a product that will house all of their devices. The overall goal is to take the job of the amputees’ caregivers so that the users can be more self-reliant.
3rd Place: Scissors for Right & Left-Handed Users
Lulea, Sweden
Lulea University of Technology
Now, families or schools with both right and left handed people can finally buy universal good working pair of scissors.
It’s exciting to see students driving forward product innovation, and incredible to think that these students truly can dream up any new product they like thanks to 3D printing technology.
Check out all the winners, including Art & Architecture and Middle School submissions at Dimension Printing’s challenge coverage.
