Stratasys to Acquire 3D printing start-up Origin for approximately $100 million
14 December, 2020
Origin’s resin-based PhotoPolymerization technology expands Stratasys footprint in the fast-growing market for 3D-printed mass production parts
Above: Origin’s 3D printers for mass production of end-use parts
Stratasys has signed an agreement to acquire 3D printing start-up Origin for up to $100 million in cash and stock. The merger enables Stratasys to expand its presence in the fast-growing mass production parts segment. Subject to approvals and other closing conditions, the acquisition is expected to close in January 2021.
The acquisition will be paid using a combination of stock of approximately $45 million and cash of approximately $55 million. The Origin team will join Stratasys and lead the development of its technology and product platform, with a full global launch via the Stratasys go-to-market organization towards mid-2021.
“Our customers are looking for additive manufacturing solutions using of industrial-grade resins for mass production parts with process and quality control,” said Stratasys CEO Yoav Zeif. “Together with our intended entry into powder bed fusion technology, the acquisition reflects another step in our objective to lead in polymer additive manufacturing.”
Origin’s P3 technology, an advancement on Digital Light Processing (DLP) principles, cures liquid photopolymer resin with light. The company’s first manufacturing-grade 3D printer, Origin One, precisely controls light, heat, and force, among other parameters, via Origin’s closed-loop feedback software.
According to an internal Stratasys market analysis, manufacturing applications show the most potential for significant growth in the 3D printing industry, reaching approximately $25 billion by 2025. Stratasys anticipates that production-oriented resin-based solutions can address a significant part of the total market for polymer additive manufacturing. In fact, it is estimated that resin polymer-based additive systems will grow at a 20% annual rate from 2020 to 2025.
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