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3D Printer Maker Acquires Startup with Proprietary Polymer Technology for $100 Million

3D Printer Maker Acquires Startup with Proprietary Polymer Technology for $100 Million Share: Welcome to Thomas Insights every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. A maker of 3D printing systems has reached an agreement to acquire a San Francisco additive manufacturing startup for up to $100 million in cash and stock. Stratasys said the deal for Origin Inc. would incorporate the startup’s proprietary polymer technology, known as Programmable PhotoPolymerization, into printers used for mass production.

Stratasys to Acquire Origin, for $100M

Stratasys to Acquire Origin, for $100M Rehovot, Israel-based Stratasys Ltd. (NASDAQ: SSYS) is to acquire 3D San Francisco, CA-based printing startup Origin Inc., for total consideration of up to $100m, including cash and stock. Subject to various approvals and other closing conditions, the acquisition is expected to close in January 2021. Under the terms of the deal, the total consideration for the transaction is comprised of $60m paid on closing ($6m of which is subject to the founders’ retention over 3 years) and $40m that is subject to performance-based earnouts over 3 years. The acquisition will be paid using a combination of stock of approximately $45m and cash of approximately $55m at closing and throughout the earnout period. Approximately $32m of the cash expenditure will be at closing.

Stratasys acquires Origin to boost next-gen photopolymer platform – The People Online

Stratasys acquires Origin to boost next-gen photopolymer platform – The People Online
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