Stratasys, a provider of polymer 3D printing services, has acquired the additive manufacturing materials business of Covestro AG, for around $44 million.
The deal includes R&D facilities and activities, global development and sales teams, a portfolio of around 60 additive manufacturing materials, and an IP portfolio of hundreds of patents and patents pending.
“Innovative materials are the fuel of additive manufacturing and translate directly into the ability to create new use cases for 3D printing, particularly in the production of end-use parts like dental aligners and automotive components,” said Stratasys CEO Dr. Yoav Zeif. “The acquisition of Covestro’s highly regarded Additive Manufacturing business positions us to further grow adoption of our newest technologies. We will now have the ability to accelerate cutting-edge developments in 3D printing materials, and advance our strategy of providing the best and most complete polymer 3D printing portfolio in the industry.”