Stratasys Limited has completed the acquisition of the additive manufacturing materials business of Covestro AG. The acquisition, which is immediately accretive, includes R&D facilities and activities, global development and sales teams across Europe, the U.S. and Asia, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio comprising hundreds of patents and patents pending.
The materials, IP portfolio, and talent acquired from Covestro will help Stratasys address new applications in key technology categories such as stereolithography, P3/DLP, and powder bed fusion, including SAF™ technology. They complement Stratasys’ existing deep materials expertise for PolyJet and FDM® technologies.
With this acquisition, Stratasys is not just expanding its materials portfolio for the broad array of 3D printing technologies, it is also paving the way for more new innovations. Additionally, the growing team of in-house materials experts will be in a stronger position to collaborate with the materials ecosystem partners. Together, they will be able to address more applications faster, pushing the boundaries of what’s possible in additive manufacturing, reveals Yoav Zeif, CEO, Stratasys.
According to Hugo da Silva, Ex Vice President, Covestro Additive Manufacturing and now Vice President, Strategy, M&A and Venturing, Stratasys, the acquisition advances Stratasys’ focus on complete solutions for specific use cases to grow 3D printing’s footprint further into manufacturing.
All materials are available through Stratasys and its global partners under the Somos® and Addigy® brands, benefiting customers with greater global sales, service and support infrastructure. Stratasys will continue to fully support customers whether the materials are used with Stratasys or third-party 3D printers.