AM Market Makerbot and Ultimaker sign merger agreement
3D printing companies Makerbot and Ultimaker announced that they have come to a business combination agreement that is supposed to accelerate the adoption of additive manufacturing.
In order to accelerate global adoption of additive manufacturing, Makerbot and Ultimaker decided to merge. The new entity will be backed by existing investors, NPM Capital and Stratasys, and is to benefit from a planned cash investment of 62.4 million dollars to fuel innovation and expansion into new markets. The new company will be led by Nadav Goshen, current Makerbot CEO, and Jürgen von Hollen, current Ultimaker CEO, who will act as Co-CEOs, with Nadav managing operations and R&D and Jürgen managing the commercial functions.
The new entity aims to offer easy-to-use and accessible desktop 3D printing solutions for any application while inspiring the industry to a future state of responsible and sustainable manufacturing.
The new company will maintain headquarters in both The Netherlands and New York, USA. The transaction is subject to consultation of appropriate employee representative bodies and regulatory approvals, with closing currently expected over the course of the second or third quarters of 2022.