Market leader Stratasys now has an even wider footprint in the 3-D printing space. The Minnesota-based company acquired Solidscape, Inc. for $38 million plus certain purchase price adjustments. New Hampshire-based Solidscape is a manufacturer of 3-D printers serving investment casting applications in the jewelry, medical, dental and industrial markets. The company’s technology produces patterns that are used to cast highly precise metal parts.
Solidscape is a leader for casting applications that require high-precision, ultra-fine feature detail and a smooth surface finish. The company had revenues of $13.4 million and generated approximately $4.3 million in EBITDA for calendar year 2010.
Stratasys will support Solidscape product development with the goal of producing systems that target new applications.