Stratasys SSYS announced that it has recently completed the previously announced acquisition of Origin, a San Francisco-based 3D printing start-up.
On Dec 9, 2020, the company entered into an agreement to acquire Origin in a cash-and-stock deal worth $100 million. The buyout has been funded with $55 million in cash and $45 million in stock. Stratasys has paid $60 million upfront and the remaining $40 million will be paid as performance-based earnouts over the next three years. Notably, the company benefits from Origin’s proprietary resin-based Programmable PhotoPolymerization technology used in its manufacturing-grade 3D printer, Origin One. Moreover, the integration of Origin’s software-centric additive manufacturing solution helps Stratasys gain a competitive edge in the 3D-printed mass production parts market. Additionally, the technology is expected to generate incremental annual revenues of $200 million within five years. Moreover, the acquisition is anticipated to be accretive to non-GAAP earnings growth by 2023, although it might have a dilutive effect on 2021 non-GAAP earnings. Growing Product Portfolio to Fend Off Pandemic Woes Stratasys’ shares have gained 3.9% over the past year compared with the Zacks Computer – Peripheral Equipment industry’s growth of 57.7%. Stratasys, Ltd. Price and Consensus Stratasys, Ltd. Price and Consensus Stratasys, […]
Above: PepsiCo food, snack, and beverage product line-up/Source: PepsiCo PepsiCo turned to tooling with 3D printing...