April 18, 2012

On April 16, 2012 Stratasys, Inc., and privately held Objet Ltd., announced that the boards of directors of both companies have approved a definitive merger agreement with a combined equity value of approximately $1.4 billion.

In Stratasys and Objet Investor Presentation there are some interesting figures:

Companies fast facts:

- More than 2,800 customers
- Only technology with multi-material 3D printing capability
- revenue: 2011 revenue $121.1m, 2009 – 2011 CAGR 34%; 2011 net income $14.7m
- More than 430 employees


- revenue: 2011 revenue $156m, 2009 – 2011 CAGR 98%; 2011 net income $22m

Key deal highlights after Combining:

Company name: Stratasys Ltd. Listing: NASDAQ: SSYS

Merger Structure: a stock-for-stock merger

Ownership: 55% owned by Stratasys; 45% by Objet

Management: Blended management team led by Scott Crump as full-time
Chairman, and current Objet CEO, David Reis, as the new CEO of the combined organization

Headquarters: Dual headquarters in Israel and Minnesota

Technology: More than 500 patents granted and pending

Operating and tax synergies:
– $7m to $8m of annual net cost synergies
– $3m to $4m of annual tax savings

Long-term target operating model:
– Revenue growth: 20%+
– Operating margin: 20% to 25% of sales
– Effective tax rate: 15% to 20%
– Net income margin: 16% to 21% of sales


Source: Stratasys and Objet Investor Presentation


Posted in 3D Printing Company



Maybe you also like:

Leave a comment:

Your Name:


Subscribe us to

3ders.org Feeds 3ders.org twitter 3ders.org facebook   

About 3Ders.org

3Ders.org provides the latest news about 3D printing technology and 3D printers. We are now seven years old and have around 1.5 million unique visitors per month.

News Archive