Stratasys to Acquire Solid Concepts and Harvest Technologies
It’s been a busy day in the 3D printing industry. Earlier today 3D Systems announced that they had acquired Medical Modeling Inc, and today, another 3D printing giant, Stratasys, announced that they had agreed to acquired two companies, Solid Concepts, 
and Harvest Technologies.
Solid Concepts, the largest dedicated provider of 3D printing, rapid prototyping, tooling and injection molding services in North America, will be acquired for a total of $295 million. This includes $172 million in an up front payment, and another $123 million in delayed payments. Recently the company, headquartered in Valencia, California, gained notoriety after printing out the first known metal hand gun. Last year they generated revenue of $65 million.
Harvest Technologies, headquartered in Belton, Texas, is a full-service rapid prototyping and manufacturing service provider. 
The company has close to 20 years of experience in the additive manufacturing industry, and owns 40 laser sintering, FDM, and Stereolithography machines housed in a 40,000 square foot facility. The terms of this acquisition were not disclosed to the public.
Stratasys plans on combining these two new companies with their existing digital manufacturing service business, Redeye, to form what will be a major additive manufacturing outsourcing business. The printers used by these entities can be valued at up to $1 million a piece, making them perfect for companies who wish to hire out prototyping without needing to spend big bucks for the machinery.
“With the addition of Solid Concepts and Harvest Technologies, Stratasys is creating a leading strategic platform focused on meeting customers’ additive manufacturing needs through an expanded technology and business offering,” the statement said. “The combination of Solid Concepts’ deep knowledge of manufacturing and vertical focus, such as medical and aerospace, and Harvest Technologies’ experience in parts production, as well as materials and systems know how, together with RedEye, strengthens Stratasys’ direct digital manufacturing and parts production expertise.”
Discuss this acquisition at 3DPrintBoard.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
Print Services
Upload your 3D Models and get them printed quickly and efficiently.
You May Also Like
AMT Shakes Up 3D Printing Market with Affordable, High-Performance Post-Processing Consumables
Additive Manufacturing Technologies (AMT), a global leader in automated 3D printing post-processing, is launching a new line of consumables that promises to significantly reduce operational costs for additive manufacturing users....
The Bambu Lab 3D Printing Platform… or Trapdoor?
Bambu Lab began as a completely closed 3D printing system, where the printer, software, and materials all functioned well but were exclusively from the company itself. This approach mirrored Formlabs,...
2025 Renault 5 E-Tech Electric Is Latest Car with 3D Printed Accessories
Due to the required numbers, additive manufacturing (AM) has struggled to make significant inroads into vehicle interiors in meaningful numbers—at least as far as public knowledge is concerned. Typically an...
BMW Completes Project to Automate Plastic 3D Printing
After a three-year journey to efficiently scale polymer 3D printed part production, the POLYLINE project has concluded. This endeavor, headquartered at BMW’s Additive Manufacturing Campus, pooled the expertise of EOS,...
