With an eye toward growing its presence in the dental market, Stratasys has acquired Solidscape for $38 million plus certain purchase price adjustments.
Solidscape is a manufacturer of 3D printers for applications in the jewelry, medical, dental, and industrial markets. The company's technology produces patterns that are used to cast highly precise metal parts. In 2010, the company had revenues of $13.4 million and generated approximately $4.3 million in earnings before interest, taxes, depreciation, and amortization (EBITDA).
Stratasys is a maker of additive manufacturing machines for prototyping and producing plastic parts.
"We believe there is a significant market opportunity to expand Solidscape's business in the relatively undeveloped dental market," said Stratasys CEO Scott Crump in a press release.
Solidscape will continue to operate from its base in New Hampshire as a wholly owned subsidiary of Stratasys. Solidscape leadership and management will stay with the company.
