Stratasys Ltd has completed the acquisition of the additive manufacturing materials business of Covestro AG. The acquisition, which is immediately accretive, includes R&D facilities and activities, global development and sales teams across Europe, the US, and Asia, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio comprised of hundreds of patents and pending patents.
The materials, IP portfolio, and talent Stratasys acquired from Covestro will help Stratasys address new applications in key technology categories such as stereolithography, P3/DLP, and powder bed fusion – including SAF technology. They complement Stratasys’ existing materials expertise for PolyJet and FDM technologies.
Manufacturing on Demand
Automotive air vent prototypes 3D printed with Somos WaterShed Black resin on Neo450 3D printers from Stratasys.
“Today marks a significant milestone for us as we solidify our leadership in the polymer additive manufacturing industry,” said Dr. Yoav Zeif, CEO of Stratasys. “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.”
All materials are available through Stratasys and its global partners under the Somos and Addigy brands – benefiting customers with greater global sales, service, and support infrastructure. Stratasys will reportedly continue to fully support customers whether the materials are used with Stratasys or third-party 3D printers.
“A new material can be as transformative to a market as a new 3D printing,” said Hugo da Silva, who was previously Vice President of Covestro Additive Manufacturing and is now Vice President of Strategy, M&A, and Venturing at Stratasys. “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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Adroitec to distribute Stratasys 3D printers in India: This partnership will combine the complete capabilities and offerings of Stratasys in polymer additive manufacturing – from products designed to yield functional and multi-color prototypes to systems for manufacturing tooling components to systems focused on mass production applications – with the deep manufacturing domain knowledge and robust presence of Adroitec in the manufacturing sector. The result will be end-to-end solutions from concept to prototyping for manufacturing companies based out of India.
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Author: Edward Wakefield
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