AMS Spring 2023

Stratasys Acquires Additive Manufacturing Consultancy Firm Econolyst

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Stratasys Ltd. says that the addition of the team from Econolyst, an additive manufacturing and 3D printing consultancy and research firm, will complement Stratasys’ services offerings to help customers build additive manufacturing vision and strategy plans.

The Econolyst team is led by Dr. Phil Reeves, a 20-year industry veteran in the AM space, and the move will provide the foundation for the company’s Stratasys Strategic Consulting Division. Econolyst helps businesses understand the strategic economic, business, social and environmental benefits of AM processes, and this new Strategic Consulting Division is aimed at providing independent, expert consulting while remaining “technology agnostic.”

Dr Phil Reeves Econolyst

Dr Phil Reeves, Managing Director of Econolyst.

Econolyst, a UK based Additive Manufacturing and 3D printing consultancy and research firm, works with clients across Europe, North America, the Middle East, Far East and Africa. The firm advises companies in manufacturing and retail on the business benefits of additive manufacturing and 3D printing adoption, and offers technology vendors strategic planning to integrate the technology in fields like healthcare, computer gaming, consumer goods, recreation and education.

The company also advises government agencies and private and institutional investors by delivering training courses, seminars and conferences on AM and 3D printing topics.

Reeves is the Managing Director and principle Consultant at Econolyst Ltd., and has been working in the field of Advanced Manufacturing for nearly 20-years. He received his PhD in the subject from Nottingham University in the mid 1990’s, and since then he’s worked in a number of AM-related roles including research and development, business development and corporate strategy. Reeves established Econolyst in 2003. e1

“We may be changing our name and becoming part of a new organization – but we are not changing our core values, which are shared by our 2,900 new colleagues within Stratasys,” Reeves says of the deal. “These values will ensure a future society where 3D Printing technologies enhance lives, communities and environments.This is a big step forward in Econolyst’s future.”

Reeves says the deal in which Stratasys acquired Econolyst will remain “independent and agnostic” in their consulting activities by continuing “to put customers’ needs first, regardless of whether our strategies take us in the direction of 3D Printing hardware or alternative technologies.”

The Stratasys Services Group is led by Hanoch Magid, the Executive Vice President of Services and Materials.

David Reis, the CEO of Stratasys, says he believes AM technology is poised to enter a new phase of increased adoption in a variety of new industries.

“Expanding our services offering is a key pillar of our investment plan to capitalize on this opportunity,” Reis says. “Stratasys has the unique ability to provide organizations with a broad range of Additive Manufacturing technologies and solutions, coupled with our in-depth process specific expertise. The addition of Dr. Reeves, a thought leader in the industry, and his team will further strengthen Stratasys’ services capabilities, and we are excited to welcome them to Stratasys.”

What do you think of Stratasys’ move to acquire Econolyst? Let us know in the Stratasys Acquires Econolyst forum thread on 3DPB.com.

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