Mergers and acquisitions
Stratasys completed its acquisition of Covestro’s additive manufacturing materials business in April, covering approximately 60 additive manufacturing materials and an IP portfolio with hundreds of patents and patents pending. The deal also included R&D facilities and activities, a global development and sales team in Europe, the U.S. and Asia.
“With this acquisition, we’re not just expanding our materials portfolio for our broad array of 3D printing technologies — we’re also paving the way for more new innovations,” Stratasys CEO Dr. Yoav Zeif said. “Additionally, our growing team of in-house materials experts will be in a stronger position to collaborate with our materials ecosystem partners. Together, we’ll be able to address more applications faster, pushing the boundaries of what’s possible in additive manufacturing.”