Stratasys, a global leader in 3D printing and additive manufacturing, has recently announced their intent to acquire Origin, Inc. In a recent Minneapolis / St. Paul Business Journal article, Mark Reilly provides some details on this latest acquisition announcement.
Reilly describes Origin, Inc. as an industry newcomer that was founded in 2015 by a former Apple engineer to design machines to build parts for the industrial, medical, and defense industries. Stratasys CEO, Yoav Zeif, said in a statement, "We believe Origin’s software-driven Origin One system is the best in the industry by combining high throughput with incredible accuracy. When combined with Origin’s extensive materials ecosystem and our industry-leading go-to-market capabilities, we believe we will be able to capture a wide range of in-demand production applications on a global scale." The deal is comprised of $60 million in cash and stock at close and an additional $40 million will be a performance based earn-out over the next three years.
Quazar Capital was not involved in this transaction.
Read the Full Article Here: https://www.bizjournals.com/twincities/news/2020/12/09/stratasys-origin-3d-printing-acquisition.html
