Stratasys buys U.S. 3D print start-up Origin for USD 100 million
Categories: Corporate and M&A, Hi-Tech
Israeli 3D printing company Stratasys Inc. is to buy San Francisco-based 3D printing start-up Origin Inc. for up to USD 100 million in cash and stock.
The merger enables Stratasys – represented by Meitar – to expand its presence in the fast-growing mass production parts segment with a next-generation photopolymer platform. The acquisition is expected to close in January 2021.
Under the terms of the agreement, Stratasys will pay USD 60 million on closing and USD 40 million subject to performance-based milestones over three years.
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