Stratasys announces the completion of the acquisition of Covestro’s AM business. This gives the AM group full control over all R&D activities – including the Dutch – and the sales teams worldwide and a portfolio of around 60 AM materials. An IP portfolio of several hundred patents will also be transferred to Stratasys.
“With this acquisition, we are not only expanding our materials portfolio for our broad range of 3D printing technologies – we are also paving the way for more innovations. In addition, our growing team of in-house materials experts will be in a stronger position to collaborate with our material ecosystem partners. Together we can tackle more applications faster and push the boundaries of what is possible in additive manufacturing,” said Yoav Zeif, CEO of Stratasys.
Materials are just as important as 3D printers to unlock new applications
Somos and Addigu now owned Stratasys
This means, among other things, that all Somos and Addigy materials will become available through the Stratasys channels and other partners. Stratasys also says it will continue to support customers using these materials on non-Stratasys 3D printers. Hugo da Silva, who moves from his role as Vice President of Covestro AM to Vice President of Strategy, M&A and Venturing at Stratasys, says the materials play as important a role as the 3D printers themselves in unlocking new technologies. markets. The material is an important part of the use case solution.
No rest on takeover front: Nano Dimension raises bid for third time
Will Stratasys accept offer of $20.05 per share?
The top management of Stratasys has not been given rest after this acquisition. After unanimously rejecting Nano Dimension’s offer this week (initially about $18, later increased to $19.55), a new offer is on the table. The Stratasys Supervisory Board believes the offer is too low; it significantly undervalues Stratasys when you look at the outlook. As a standalone company, it can create much more value than this offer reflects. Yoav Zeif denies a number of claims by Nano Dimension CEO Yoav Stern. He also subtly points out that the CEO of Nano Dimension himself is under fire because the largest shareholder has demanded his resignation at an extra shareholders’ meeting. This largest shareholder, Murchinson, only recently became so because the other major shareholder dumped all shares. This investor wants to get rid of the current CEO of Nano Dimension. Meanwhile, Yoav Stern has raised the offer to $20.05. However, the advice to Stratasys shareholders is not yet to accept the increased offer. Nano Dimension threatens to use other options after mid-April if the offer is rejected again.
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