[penci_blockquote style=”style-2″ align=”none” author=”” uppercase=”false”]Origin’s resin based Programmable PhotoPolymerization (P3) technology addresses fast-growing demand for tooling and end-use parts across multiple applications[/penci_blockquote]
Stratasys Ltd. one of the global leaders in additive manufacturing announced that it has completed the acquisition of San-Francisco based Origin, effective as of Dec. 31, 2020. The acquisition adds Origin’s software-centric additive manufacturing solution that offers best-in-class printing technology based on digital light processing for production-oriented polymer applications.
Based in San Francisco, Origin is pioneering a new approach to additive manufacturing of end-use parts. Origin One, the company’s manufacturing-grade 3D printer, uses Programmable PhotoPolymerization to precisely control light, heat, and force, among other variables, to produce parts with exceptional accuracy and consistency.
The company works with a network of partners to develop a wide range of commercial-grade materials for its system, resulting in some of the toughest and most resilient materials in additive manufacturing. The company was founded in 2015 and is led by alumni from Google and Apple. Investors include Floodgate, DCM, Mandra Capital, Haystack, TDK Ventures, Stanford University, and Joe Montana.
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As previously indicated on December 9, 2020, the impact of the acquisition on Stratasys’ diluted non-GAAP earnings per share is expected to accelerate the company’s growth rate and be slightly dilutive to non-GAAP earnings per share in 2021, and accretive to non-GAAP earnings per share by 2023.
The completion of this acquisition marks an important milestone for Stratasys and puts the company in a position to generate meaningful incremental revenue from a wide range of new market opportunities for mass production.
Speaking about how the acquisition of Origin will help Stratasys realise its strategic goals, Stratasys CEO Yoav Zeif said, “I’m confident that Origin’s innovative solutions will be a key contributor to strong company growth beginning in 2021 and help us further realise our strategic goal to fortify our leadership position as the ‘first choice’ for polymer 3D printing.”