Stratasys, Desktop Metal Merger Creates Industrial 3D-Printing ‘Powerhouse’
3D printing companies Stratasys Ltd. and Desktop Metal Inc. announced that they have entered into a definitive agreement to combine the companies via an all-stock transaction valued at approximately $1.8 billion. Described by Desktop Metal co-founder and CEO Ric Fulop as a “turning point in the next phase of additive manufacturing for mass production,” the deal brings together the polymer-based 3D printing expertise of Stratasys with the industrial mass production…