We’re joining forces with Stratasys to usher in the next era of additive manufacturing.
STRATASYS TO ACQUIRE ORIGIN, BRINGING NEW ADDITIVE MANUFACTURING PLATFORM TO POLYMER PRODUCTION
Origin’s resin-based Programmable PhotoPolymerization (P3) technology expands Stratasys leadership in the fast-growing market for 3D-printed mass production parts
SAN FRANCISCO & REHOVOT, Israel, December 9, 2020 – Stratasys Ltd. (NASDAQ: SSYS) announced today it signed an agreement to acquire 3D printing start-up Origin Inc. in a transaction for total consideration of up to $100 million, including cash and stock. The merger enables Stratasys to expand its leadership through innovation in the fast-growing mass production parts segment with a next-generation photopolymer platform. Subject to various approvals and other closing conditions, the acquisition is expected to close in January 2021.
Stratasys expects Origin’s proprietary Programmable PhotoPolymerization (P3) technology to be an important growth engine for the company, adding up to $200 million incremental annual revenue within five years. The acquisition will help fortify Stratasys’ leadership position in polymers and production applications of 3D printing in industries such as dental, medical, tooling, and select industrial, defense, and consumer goods segments.