Stratasys ($SSYS) and Desktop Metal ($DM) Announce Merger to Create 3D Printing Leader
May 25, 2023 – TheNewswire - Stratasys (NASDAQ: SSYS), a leading 3D printing company, and Desktop Metal (NYSE: DM) are joining forces in an all-stock merger valued at $1.8 billion. This partnership combines expertise in polymers and industrial mass production.
Stratasys and Desktop Metal are expected to generate $1.1 billion in 2025 revenue, with significant upside potential in a total addressable market of more than $100 billion by 2032.
By uniting their additive manufacturing platforms, Stratasys and Desktop Metal will offer a comprehensive product portfolio across multiple technologies. Over 50% of the revenue is anticipated to come from end-use parts manufacturing and mass production. This end-to-end solution enables customers to streamline their manufacturing lifecycle.
Anticipated synergies will generate $50 million in annual cost savings and an additional $50 million in revenue by 2025. These efficiencies strengthen the company's growth trajectory and financial stability.
Enhanced market access and a customer base of 27,000+ across industries ensure recurring revenue opportunities.
Dr. Yoav Zeif, CEO of Stratasys stated: “The combination with Desktop Metal will accelerate our growth trajectory by uniting two leaders to create a premier global provider of industrial additive manufacturing solutions.”
Ric Fulop, Co-founder, Chairman and CEO of Desktop Metal added: “We believe this is a landmark moment for the additive manufacturing industry.”
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education.
Shares of Stratasys trade on the NASDAQ under the ticker symbol SSYS, and shares of Desktop Metal trade on the NYSE under the ticker symbol DM. For more information visit www.greenstocknews.com
This content is not financial advice and is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content and other materials including web content are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or materials that it publishes electronically.
View original video news clips here: https://greenstocknews.com/green-stock-newswire