Stratasys to Acquire AM Startup Origin to Bolster Production Polymer Innovation and Improve Software and Service-Based Business Models
Subscribe To Read This InsightBy Ryan Martin | 4Q 2020 | IN-6018
A US$100 Million Must-Do Move |
NEWS |
Stratasys signed an agreement to acquire Three-Dimensional (3D) printing startup Origin for a total consideration of up to US$100 million in cash and stock. The transaction enables Stratasys to enter the race to develop a production-capable photopolymerization offering and is a must-do move for a leadership position in the AM polymer market.
Origin was founded in 2015 and will continue to sell its first printer, the Origin One, and full solution as it is doing today through 1H 2021. In 2H 2021, Origin will be integrated into Stratasys’ Go-to-Market (GTM) organization (sales, marketing), with the Origin team leading the development of the technology and product platform under Stratasys. The target areas will be dental, medical, tooling, and select industrial, defense, and consumer goods segments. The transaction is expected to close in January 2021 and includes a 3-year retention addendum for its founders.
