Jun.25, 2013

A week ago, Stratasys announced it would buy startup MakerBot for an initial value of $403 million. The deal will enable Stratasys sell 3-D printers priced from $2,200 to around $600,000.

According to Stratasys CEO David Reis, Stratasys is expecting revenue of more than $400 million this year. Today in an interview in Beijing, Stratasys Chairman Scott Crump said to Bloomberg that the company plans acquisitions to expand into devices that use metals.

"Because there is so much opportunity we also will selectively grow through M&A," Crump said. "We have an organic project to get Stratasys into additive metal. It's rational to say that through M&A we want to expand with different technology on a dual path."

Crump didn't give specific acquisition targets or indicate a time frame when the company might make its next purchase.

"You have to be careful what you acquire because you have to be able to manage it," Crump said.

 

 

Posted in 3D Printing Company

 

 

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