Two leading names in the world of 3D printing, Stratasys and Objet have announced a merger that would create a firm valued at $1.4 billion. The merger will provide access to new international markets in the U.S. (Stratasys is headquartered in Minnesota) and Israel (Objet’s headquarters are located in Rehovot). Stratasys will be merging with a subsidiary of Objet, and both companies will maintain their design and manufacturing operations in their respective countries.
On its own, Stratasys has already experienced major growth in the past few years, with last years earnings at $20.6 million, more than twice the previous year’s earnings. A main reason for such growth- the maturity of the rapid prototyping market.
“Rapid prototyping, which has been a novelty to a lot of people, is growing into its potential,” Dyer said. “More product developers and engineers are getting 3D computer-aided design software, and a logical extension of that is seeing what the product would look like if you made a plastic prototype.”
To read more on the merger of Stratasys and Objet: http://www.startribune.com/business/147585325.html
For informational on the rapid prototyping/3D printing services available through RapidMade, visit our website: www.rapidmade.com