Stratasys Ltd. (NASDAQ: SSYS), a provider of polymer 3D printing services, has acquired all remaining shares of Xaar 3D Ltd. from Xaar plc (LON: XAR), accelerating the company’s growth in production-scale 3D printing. Stratasys previously owned a 45 percent stake in Xaar 3D.
“We are committed to being the leading provider of production-scale polymer 3D printing for our customers as additive manufacturing continues to transform industries around the world,” said Stratasys CEO Yoav Zeif. “The H350 printer and SAF technology are central to that mission, giving us a powerful platform for meeting the needs of customers in industries such as commercial goods, automotive, consumer goods, and consumer electronics. Customers tell us this technology’s consistent performance at higher volumes helps them grow their businesses and provides them a significant competitive advantage. We are excited to welcome the outstanding team of innovators from Xaar 3D to the Stratasys family.”
“We formed Xaar 3D on the premise that we could help existing powder bed technology make a major leap forward, and that’s what’s happening thanks to SAF technology,” said Ronen Cohen, general manager of Xaar 3D Ltd. “We have been able to significantly improve thermal management for more consistent and reliable parts while giving customers the production control they need. As part of Stratasys, we will continue to rapidly advance H Series 3D printer development while leveraging Stratasys’ global go-to-market infrastructure and blue-chip customer relationships to enable more customers to benefit from SAF-powered additive manufacturing.”