Stratasys, Objet complete merger
Stratasys Inc. and Objet Ltd. announced the completion of their merger, forming a leader in 3D printing and direct digital manufacturing. The combined company will trade on the NASDAQ stock exchange as Stratasys Ltd. under the symbol SSYS beginning December 3, 2012. Based on the closing price of Stratasys Inc. stock on November 30, 2012, the market capitalization of the new company will be approximately $3.0 billion.
Stratasys has a portfolio of 3D printing and direct digital manufacturing solutions, with systems that produce parts with a wide range of capabilities and materials. The company will offer three technologies: FDM for functional prototypes and production parts; inkjet-based PolyJet for prototyping parts with high feature detail and fine surface finish; and Solidscape Drop-on-Demand thermoplastic ink-jetting technology for complex wax patterns for investment casting of finished parts. With more than 260 channel partners around the world, Stratasys can leverage the extensive geographic reach of its marketing and sales organization to serve customers and grow awareness of 3D printing for rapid prototyping and production. In addition, Stratasys will have a R&D team focused on developing new consumables and systems.
Source: Stratasys Inc.