Stratasys (Nasdaq:SSYS) and Desktop Metal (NYSE:DM) plan to combine in a $1.8 billion all-stock transaction, the 3D printing companies said today.
The companies estimate they will generate $1.1 billion in 2025 revenue after the merger and said they expect the additive manufacturing industry to grow to $100 billion by 2032. Stratasys and Desktop Metal both serve medical device developers and the broader healthcare industry.
“The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve the evolving needs of customers in manufacturing,” the companies said in a news release.
Stratasys CEO Yoav Zeif will remain chief executive of the company, while Desktop Metal co-founder, CEO and Chair Ric Fulop will serve as the combined company’s board chair.