Stratasys in Desktop Metal merger talks at $1.8b valuation - report

• Published date: 25 May 2023
• Author: Globes correspondent
• Publication title: Globes (Rishon LeZion, Israel)

If the merger is completed, Stratasys shareholders would own a majority of the combined company, "Bloomberg" added, cautioning that while talks are advanced and could even be completed this week, they could also still break down

The 3D printing sector is a highly fragmented industry and ripe for mergers. Desktop Metal has more than 6,000 customers in several of the same industries as Stratasys, including automotive and consumer, "Bloomberg" reports. Rehovot-based Stratasys has been the subject of a hostile takeover by cash-rich Israeli 3D printing company Nano Dimension (Nasdaq: NNDM) in recent months. In response, Stratasys, led by CEO Dr. Yoav Zeif adopted a limited duration shareholders rights plan (poison pill) approach to prevent the takeover, which was at a...