Stratasys acquires Solid Concepts and Harvest Technologies to boost additive manufacturing

Summary:Stratasys has acquired fresh blood to target businesses and fulfil outsourced printing needs, including the sale of 3D printed parts.

 

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Stratasys has announced the acquisition of Solid Concepts and Harvest Technologies in order to boost order rates and sale of 3D printed parts.

U.S.-based Solid Concepts and Harvest Technology focus on rapid prototyping and custom printing within the additive manufacturing industry. The companies have experience producing parts in the medical and aerospace fields.

The firm will pay up to $295 million for Solid Concepts, including $123 million in payment at closing. The details concerning the purchase of Harvest Technologies were not disclosed, but it is expected to be completed in Q3 2014.

Solid Concepts is a partner of Stratasys-owned RedEye, a business which offers a print on-demand service for the corporate world. Stratasys plans to combine the services of both new acquisitions with RedEye in order to establish a singular additive manufacturing services business unit, which will help the firm cope with rising consumer demand. 

3D printers suitable for commercial use require heavy investment, and so outsourcing these jobs has proven popular for firms unwilling to purchase their own equipment -- whether they wish to print a prototype products or create customized parts in batches.

Stratasys calls the companies "leading providers of additive manufacturing services," and says that the deals will provide Stratasys with additional production capabilities, capacity and a talent pool.

Solid Concepts accounts for roughly 450 employees, whereas the smaller company, Harvest Technologies, has 80 staff on the books.

Read on: Stratasys

Image credit: Stratasys

This post was originally published on Smartplanet.com

Topics: Innovation

About

Charlie Osborne, a medical anthropologist who studied at the University of Kent, UK, is a journalist, freelance photographer and former teacher. She has spent years travelling and working across Europe and the Middle East as a teacher, and has been involved in the running of businesses ranging from media and events to B2B sales. Charli... Full Bio

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