Eden Prairie, Minnesota –Stratasys, a specialist in 3D printing, is to acquire Covestro's additive manufacturing materials business. This includes the 3D printing resins business the German company bought from DSM in 2021.
The €43m deal is expected to close in Q1 2023. About 60 different materials will be added to Stratasys’s portfolio, including Addigy TPU filaments. The two companies have been working together for some time, with Covestro resins part of the range of materials used by Stratasys 3D printing platforms.
The acquisition includes R&D facilities as well as development and sales teams, in the US, Europe and China. Most employees will continue to be based in Geleen, Netherlands and Elgin, Illinois.
‘Innovative materials are the fuel of additive manufacturing and translate directly into the ability to create new use cases for 3D printing, particularly in the production of end-use parts like dental aligners and automotive components,’ said Stratasys CEO Yoav Zeif. ‘We will now have the ability to accelerate cutting-edge developments in 3D printing materials, and advance our strategy of providing the best and most complete polymer 3D printing portfolio in the industry.’