Select Page

Stratasys (SSYS) Completes Origin Buyout to Fuel 3D Printing

Stratasys (SSYS) Completes Origin Buyout to Fuel 3D Printing

Written by Paul

January 7, 2021

Stratasys SSYS announced that it has recently completed the previously announced acquisition of Origin, a San Francisco-based 3D printing start-up.

 .

On Dec 9, 2020, the company entered into an agreement to acquire Origin in a cash-and-stock deal worth $100 million. The buyout has been funded with $55 million in cash and $45 million in stock. Stratasys has paid $60 million upfront and the remaining $40 million will be paid as performance-based earnouts over the next three years. Notably, the company benefits from Origin’s proprietary resin-based Programmable PhotoPolymerization technology used in its manufacturing-grade 3D printer, Origin One. Moreover, the integration of Origin’s software-centric additive manufacturing solution helps Stratasys gain a competitive edge in the 3D-printed mass production parts market. Additionally, the technology is expected to generate incremental annual revenues of $200 million within five years. Moreover, the acquisition is anticipated to be accretive to non-GAAP earnings growth by 2023, although it might have a dilutive effect on 2021 non-GAAP earnings. Growing Product Portfolio to Fend Off Pandemic Woes Stratasys’ shares have gained 3.9% over the past year compared with the Zacks Computer – Peripheral Equipment industry’s growth of 57.7%. Stratasys, Ltd. Price and Consensus Stratasys, Ltd. Price and Consensus Stratasys, […]

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

You May Also Like…

Pin It on Pinterest

Share This

Share this post with your friends!

Shares