Stratasys merges with Desktop Metal at USD1.8 billion valuation
Categories: Corporate and M&A, Hi-Tech
Israeli 3D printing company Stratasys and U.S. 3D printing company Desktop Metal will combine with Stratasys in an all-stock deal valued at USD 1.8 billion.
When the merger is completed Stratasys shareholders will hold 59% of the combined company, and legacy Desktop Metal stockholders will hold 41%.
Scheduled for completion in the fourth quarter of 2023, the merger is aimed at combining the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal.
Meitar and Wachtell, Lipton, Rosen & Katz represented Stratasys on its acquisition.
Latham & Watkins LLP and Shibolet & Co. served as legal counsel to Desktop Metal.
