Business
Stratasys Completes Merger of MakerBot With Ultimaker
EDEN PRAIRIE, Minn. & REHOVOT, Israel--(BUSINESS WIRE)-- Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, today announced it closed
About this update from Stratasys, Ltd.
[{"type":"text","content":" EDEN PRAIRIE, Minn. & REHOVOT, Israel--(BUSINESS WIRE)--\nStratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, today announced it closed the merger of subsidiary MakerBot with NPM Capital-backed Ultimaker to form a new entity under the name Ultimaker, effective August 31, 2022.\n\nThe new combined company offers a comprehensive solution set of hardware, software and materials, creating a leading force in Desktop 3D printing. Following the merger, NPM Capital owns 53.5% of the combined company, while Stratasys owns the remaining 46.5%.\n\nDr. Yoav Zeif, CEO of Stratasys said, “The completion of this business combination advances our aspirations of being the leading go-to provider of industrial and manufacturing-scale polymer 3D printing systems and solutions, while simultaneously creating a preeminent Desktop 3D printing company. Unlocking the value in MakerBot via this combination is designed to create long-term value for our shareholders through enhanced strategic focus on our key end-markets and from the minority ownership stake we retain in Ultimaker.”\n\nFinancial contributions from MakerBot from September 1, 2022 and onward will no longer be consolidated by Stratasys given its minority ownership.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThe statements in this press release regarding Stratasys’s intentions with respect to the proposed transaction are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements relating to the anticipated completion of the combination of MakerBot and Ultimaker, the financial position and prospects of the new combined company, and the desktop 3D printing market. Forward-looking statements are subject to significant risks and uncertainties, and actual results could differ materially from those projected. There can be no assurance that requisite antitrust and other regulatory approvals will be obtained and customary closing conditions met such that Stratasys will be able to complete the transaction on the anticipated terms, and within the expected timeframe, or at all. Important factors that could cause actual results and developme...