Exone end to end binder jetting service

Stratasys (NASDAQ: SSYS) Announces That They Have Completed Their Acquisition of Solid Concepts

INTAMSYS industrial 3d printing

Share this Article

StratasysLogoWithTagline_CMYKBack in April, we reported that Stratasys Ltd. (NASDAQ: SSYS) had agreed to acquire a company called Solid Concepts, North America’s largest provider of 3D printing, tooling, injection modeling and rapid prototyping services, for $295 million.

Solid Concepts has been making a lot of headway in the 3D printing space as of late. Not only have they been gaining a lot of notoriety for the creation of the first ever 3D printed metal hand gun, but they also have close to 20 years of experience in the additive manufacturing field.

Today Stratasys has announced that they have completed this acquisition, and they have plans to combine Solid Concepts as well as another previously acquired company, Harvest Technologies (acquisition expected to be complete at the end of this month), with their already existing digital manufacturing service, Redeye. In doing so, they will create one all-encompassing additive manufacturing services business unit.

stratasys-logo-gun“We look forward to enhancing our customer offering with the completion of this transaction,” explained David Reis, chief executive officer of Stratasys. “With Solid Concepts’ deep knowledge of manufacturing and vertical focus, such as medical and aerospace, Stratasys will be even better positioned to meet our customers’ evolving additive manufacturing requirements. We are delighted to welcome the talented employees of Solid Concepts to the Stratasys family and look forward to completing the acquisition of Harvest in order to form a leading strategic platform to better meet customers’ needs.”

Stratasys’ RedEye project is an interesting one. It allows them to not only be a manufacturer of 3D printers, but also a provider of 3D printing as a service. Not too many companies out there can say that they do the same. It should be interesting to see how RedEye evolves over the course of the next several months and years. RedEye utilizes a large amount of different 3D printers and materials to create both prototypes and final producton parts for their clients. Some of the materials used are PolyJet Photopolymers, Cast Polyurethanes, and FDM Thermoplastics. The additon of Solid Concepts’ experiences should help RedEye become one of the leading additive manufacturing services in the world.

What do you think about this acquisitions? Discuss in the Stratasys Acquisition forum thread on 3DPB.com

stratasys-logo-f

Share this Article


Recent News

3D Printed Rockets in the Works EOS and India’s Agnikul Cosmos

3D Printed Simpsons and Futurama Mini TVs Made for Mini-Bingeing



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing a Teleprompter at Home, Powered by Raspberry Pi

Raspberry Pis are brilliant, an opinion with which I’m sure most of readers would agree. The number of things you can do with them is limitless, from running one as...

Ancient Cephalopods Swam Vertically, 3D Printed Replicas Reveal

There are multiple examples of 3D printing, 3D scanning, and other related technologies being used to help shed light on, and answer questions about, creatures that walked this planet long...

Ulendo Receives $250K NSF Grant for 3D Printing Calibration Software

One of the common challenges with fused filament 3D printers is vibration. Running printers at high speeds often leads to excessive vibrations, which can generate low-quality prints with surface defects,...


Shop

View our broad assortment of in house and third party products.