Stratasys to acquire Covestro’s additive manufacturing materials business

43-million-euro deal Stratasys to acquire Covestro’s additive manufacturing materials business

08.08.2022 Source: Stratasys

Related Vendors

HASCO Hasenclever GmbH + Co KG

creaform-ametek-logos-vertical-rgb (Creaform)

AMETEK GmbH Division Creaform Deutschland

Covestro Deutschland AG

Stratasys Inc.

3D printing company Stratasys has signed a definitive agreement to acquire the additive manufacturing materials business of Covestro.

Covestro's additive manufacturing business includes one of the world's most recognized and trusted brands in photopolymers — Somos. The automotive grill shown here on a Stratasys Neo800 stereolithography system was 3D-printed with clear Somos Watershed CX 11122.
(Source: Stratasys)

With accretive acquisition of Covestro’s additive manufacturing materials business, Stratasys wants to offer more full solutions to customers and accelerate next-generation materials development for manufacturing with partners. The deal will include R&D facilities and activities, global development and sales teams across Europe, the U.S. and China, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio comprised of hundreds of patents and patents pending. The purchase price is approximately 43 million euros, plus additional inventory, less certain liabilities. In addition, there is a potential earnout of up to 37 million euros, subject to the achievement of various performance metrics.

Stratasys is already a distributor of Covestro’s Somos resins and they are already available for Neo and Origin One 3D printers.

The acquisition is expected to close during the first quarter of 2023, and the transaction is subject to the receipt of regulatory approvals and satisfaction of other customary closing conditions. The majority of employees of the acquired entity will continue to be based in Geleen, Netherlands and Elgin, USA.

(ID:48526084)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Stand vom 23.03.2021

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.