Stratasys acquires Origin, gears up for new market opportunities
Stratasys has acquired Origin, with plans to move into mass production additive manufacturing.
The acquisition adds Origin's software-centric additive manufacturing solution that offers best-in-class printing technology based on digital light processing for production-oriented polymer applications.
Based in San Francisco, Origin is pioneering a new approach to additive manufacturing of end-use parts.
Origin One, the company's manufacturing-grade 3D printer, uses Programmable PhotoPolymerization to precisely control light, heat, and force, among other variables, to produce parts with greater accuracy and consistency.
The company works with a network of partners to develop a wide range of commercial-grade materials for its system, resulting in some of the toughest and most resilient materials in additive manufacturing, the company states.
The company was founded in 2015 and is led by alumni from Google and Apple.
Investors include Floodgate, DCM, Mandra Capital, Haystack, TDK Ventures, Stanford University, and Joe Montana.
Stratasys is a global specialist in additive manufacturing or 3D printing technology and is the manufacturer of FDM, PolyJet Technology, and stereolithography 3D printers.
The company's technologies are used to create prototypes, manufacturing tools, and production parts for industries including aerospace, automotive, healthcare, consumer products and education.
For more than 30 years, Stratasys products have be used to help manufacturers reduce product-development time, cost, and time-to-market, as well as reduce or eliminate tooling costs and improve product quality, the company states.
The Stratasys 3D printing ecosystem of solutions and expertise includes 3D printers, materials, software, expert services, and on-demand parts production.
On the acquisition, Stratasys CEO Yoav Zeif says, “The completion of this acquisition marks an important milestone for Stratasys, positioning us to generate meaningful incremental revenue from a wide range of new market opportunities for mass production.
"I'm confident that Origin's innovative solutions will be a key contributor to strong company growth beginning in 2021 and help us further realise our strategic goal to fortify our leadership position as the first choice for polymer 3D printing.
As previously indicated on December 9, 2020, the impact of the acquisition on Stratasys diluted non-GAAP earnings per share is expected to accelerate the companys growth rate and be slightly dilutive to non-GAAP earnings per share in 2021, and accretive to non-GAAP earnings per share by 2023, the company wrote in a statement.
This latest announcement follows the company's new GrabCAD Software Development Kit (SDK) launch.
The SDK was created to enable connectivity between its FDM 3D printers and enterprise software applications.
The GrabCAD SDK program's initial partners include Link3D, additive manufacturing software provider, and Identify3D, San Francisco-headquartered software firm.