Stratasys rejects acquisition proposal from 3D Systems

Sept. 12, 2023
The board reaffirmed its support for a previously announced merger with Desktop Metal.
Stratasys Logo Og 646f5e8599410

The board of directors of 3D printer manufacturer Stratasys has unanimously rejected an acquisition proposal by 3D Systems and reaffirmed its support for a previously announced merger with Desktop Metal.

The Stratasys board determined that the revised proposal from 3D Systems significantly undervalued Stratasys and did not constitute a “superior proposal” as defined in the merger agreement with Desktop Metal.

It also cited “several significant risks” including concern about 3D Systems’ short- to medium-term growth prospects, especially in its dental aligners market; structural challenges to profitability; and low net synergy potential.

Stratasys Ltd. is based in Eden Prairie, Minn.; 3D Systems Corp. in Rock Hill, S.C.