M&A Deal Summary

PolyCraft Tech Acquires Stratasys Direct

On September 27, 2023, PolyCraft Tech acquired business services company Stratasys Direct from Stratasys

Acquisition Highlights
  • This is PolyCraft Tech’s 1st transaction in the Business Services sector.
  • This is PolyCraft Tech’s 1st transaction in the United States.
  • This is PolyCraft Tech’s 1st transaction in California.

M&A Deal Summary

Date 2023-09-27
Target Stratasys Direct
Sector Business Services
Buyer(s) PolyCraft Tech
Sellers(s) Stratasys
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

PolyCraft Tech

Poway, California, United States

Category Company
Sector Plastics
DESCRIPTION

PolyCraft provides a wide variety of complex precision custom plastic parts. The company offers very large enclosures for tiny parts with finite precision features. PolyCraft is based in Poway, California.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Stratasys

Rehovot, Israel

Category Company
Founded 1989
Sector Technology Hardware
Employees1,779
Revenue 572M USD (2024)
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 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 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.

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