15 August 2013 21:10 [Source: ICIS news]
HOUSTON (ICIS)--Stratasys and MakerBot have completed their merger, which was first announced on 19 June, the US-based 3D printer makers said on Thursday.
Under to the terms of the merger, Stratasys will issue up to 4.7m of its shares in exchange for 100% of the outstanding capital stock of MakerBot. Additionally, MakerBot stakeholders will qualify for earn-outs of up to 2.36m shares through the end of 2014.
“Stratasys and MakerBot share a vision about the potential for 3D printing to transform design and manufacturing,” said David Reis, Stratasys CEO. “Our goal now is to maximise the benefits this merger creates for our shareholders, our customers and our employees.”
Also known as additive manufacturing, 3D printing is the process of joining resin materials– such as acrylonitrile-butadiene-styrene (ABS), polylactic acid (PLA) or nylon (polyamide) – to make objects from three-dimensional model data.
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