M&A Deal Summary

Stratasys Acquires Desktop Metal

On May 25, 2023, Stratasys acquired machinery company Desktop Metal

Acquisition Highlights
  • This is Stratasys’ 5th transaction in the Machinery sector.
  • This is Stratasys’ 9th transaction in the United States.
  • This is Stratasys’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2023-05-25
Target Desktop Metal
Sector Machinery
Buyer(s) Stratasys
Deal Type Merger
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Latham & Watkins (Legal)

Target

Desktop Metal

Burlington, Massachusetts, United States
website
Desktop Metal is driving Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. The company's innovative 3D printers, materials, and software deliver the speed, cost, and part quality required for this transformation. Today, its systems print metal, polymer, sand, and other ceramics, as well as foam and recycled wood. Desktop Metal was founded in 2015 and is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

Stratasys

Rehovot, Israel

website

Category Company
Founded 1989
Sector Machinery
Revenue 651M USD (2022)
DESCRIPTION
Entrance to Stratasys' corporate headquarters in Eden Praire, Minnesota.
Entrance to Stratasys' corporate headquarters in Eden Praire, Minnesota.

Stratasys is a manufacturer of 3D printers and 3D production systems for office-based rapid prototyping and direct digital manufacturing solutions. Stratasys was founded in 1989 and is based in Rehovot, Israel.

DEAL STATS #
Overall 16 of 16
Sector (Machinery) 5 of 5
Type (Merger) 2 of 2
State (Massachusetts) 2 of 2
Country (United States) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Riven

Berkeley, California, United States

Riven is an open cloud software company accelerating high-precision additive manufacturing. The company's Warp-Adapted Models (WAM) based on proprietary 3D reality intelligence correct dimensional defects to meet demanding specifications at the production scale. It cuts weeks on product launches and expands additive manufacturing applications for service bureaus and OEMs. Riven is based in Berkeley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Stratasys Direct

Valencia, California, United States

Stratasys Direct is an on-demand parts service bureau using a breadth of technological expertise. Stratasys Direct is based in Valencia, California.

Sell -
Mergr

Product

Company

Legal