Stratasys Ltd., a leader in polymer 3D printing solutions, announced that it has completed the acquisition of Covestro AG’s additive manufacturing materials business. The acquisition includes R&D facilities and activities, as well as global development and sales teams in Europe, the United States, and Asia.
It has a portfolio of about 60 additive manufacturing materials as well as a large IP portfolio with hundreds of patents and patents pending.
Covestro’s Additive Manufacturing Materials Business
Stratasys‘ acquisition of Covestro’s materials, IP portfolio, and talent will enable the company to address new applications in key technology categories such as stereolithography, P3/DLP, and powder bed fusion, including SAF™ technology. They supplement Stratasys’ existing PolyJet and FDM® materials expertise.
“Today marks a significant milestone for us as we solidify our leadership in the polymer additive manufacturing industry. With this acquisition, we’re not just expanding our materials portfolio for our broad array of 3D printing technologies – we’re also paving the way for more new innovations. Additionally, our growing team of in-house materials experts will be in a stronger position to collaborate with our materials ecosystem partners. Together, we’ll be able to address more applications faster, pushing the boundaries of what’s possible in additive manufacturing.”– Dr. Yoav Zeif, CEO, Stratasys
All materials are available through Stratasys and its global partners under the Somos® and Addigy® brands, allowing customers to benefit from a more global sales, service, and support infrastructure. Stratasys will continue to provide complete support to customers regardless of whether the materials are used with Stratasys or third-party 3D printers.
The acquisition, according to Hugo da Silva, previously Vice President of Covestro Additive Manufacturing and now Vice President of Strategy, M&A, and Venturing at Stratasys, advances Stratasys’ focus on complete solutions for specific use cases in order to expand 3D printing’s footprint further into manufacturing.
Hugo da Silva shared, “A new material can be as transformative to a market as a new 3D printer. Whether it’s flame, heat and smoke resistant materials for aerospace, new biocompatible materials for medical applications, or resilient materials with ESD properties for electric vehicles, we know that the more we bring new materials innovations to market as part of use case solutions, the more we can transform how everything is manufactured around the world.”
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