Stratasys to acquire Covestro AM materials business

    Aug. 15, 2022
    Approximately $43 million deal includes R&D facilities, multinational development and sales teams and a trove of patents.
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    3D printer manufacturer Stratasys Ltd., Eden Prairie, Minn., has signed a deal to acquire Covestro AG’s additive manufacturing materials business for about $43 million, plus additional inventory, less certain liabilities.

    The purchase will include Covestro’s R&D facilities and activities, development and sales teams in the U.S. and abroad, a portfolio of approximately 60 additive manufacturing materials, and hundreds of patents and patents pending.

    The deal is expected to close in Q1 2023, subject to customary closing conditions and receipt of regulatory approvals. The majority of Covestro’s employees will continue to be based in Geleen, Netherlands and Elgin, Ill. 

    Decatur Mold Tool & Engineering Inc.
    Mold repair and service make up a big part of Decatur Mold's business. Rhonda Lustenberger, majority owner and president of the North Vernon, Ind., mold making plant, says, 'repair work takes a different skill set that I think a lot of people don't have,' compared with building new molds, which 'can be more scientific.'
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    Advanced Printed Electronic Solutions
    The grid structure of the Matrix6D system can handle multiple types of material deposition and non-additive processes.