Stratasys completes acquisition of solid concepts

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StratasysLtd. (NASDAQ: SSYS), a leading global provider of 3D printing and additive manufacturing solutions, today announced the completion of its previously disclosed acquisition of Solid Concepts.

 

Stratasys announced the acquisitions of Solid Concepts and Harvest Technologies on April 2, 2014, and will combine Solid Concepts and Harvest Technologies with RedEye, its existing digital manufacturing service business, to establish one additive manufacturing services business unit. Stratasys expects to complete its acquisition of Harvest Technologies by the end of July.

 

David Reis, chief executive officer of Stratasys, stated, “We look forward to enhancing our customer offering with the completion of this transaction. With Solid Concepts’ deep knowledge of manufacturing and vertical focus, such as medical and aerospace, Stratasys will be even better positioned to meet our customers’ evolving additive manufacturing requirements. We are delighted to welcome the talented employees of Solid Concepts to the Stratasys family and look forward to completing the acquisition of Harvest in order to form a leading strategic platform to better meet customers’ needs.”

 

Stratasys expects to update its financial guidance to reflect both the Solid Concepts and Harvest transactions in conjunction with its second quarter 2014 financial results.

 

 

Stratasys Ltd.

Stratasys Ltd. (Nasdaq: SSYS) é a entidade jurídica formada em 2012 pela fusão das empresas de impressão 3D Stratasys Inc. e Objet Ltd., baseadas respectivamente em Mineápolis, EUA e Rehovot, Israel. A empresa é líder global em impressão 3D para fabricação aditiva e materiais para prototipagem e produção. Seus processos patenteados FDM®, PolyJet™ e WDM™ 3D produzem protótipos ou objetos fabricados diretamente de arquivos de CAD 3D ou de outros conteúdos 3D. Entre os sistemas incluem-se impressoras desktop 3D sob medida para desenvolvimento de ideias, uma série de sistemas para prototipagem e grandes sistemas de produção para manufatura digital direta. A Stratasys também fabrica impressoras MakerBot e Solidscape 3D e opera o serviço de manufatura digital RedEye. A empresa conta com mais de 1.900 funcionários, possui mais de 550 patentes concedidas ou pendentes de manufatura aditiva no mundo inteiro e já ganhou mais de 25 prêmios por sua tecnologia e liderança. Está online nos endereços: www.stratasys.com ou http://blog.stratasys.com.

 

Cautionary Statement Regarding Forward-Looking Statements

Certain information included or incorporated by reference in this press may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “project” or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to the company’s objectives, plans and strategies, statements regarding the expected performance and impact of our products, statements that contain projections of results of operations or of financial condition (including, with respect to the MakerBot acquisition) and all statements (other than statements of historical facts) that address activities, events or developments that the company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the company’s ability to efficiently and successfully integrate the operations of Stratasys, Inc. and Objet Ltd. after their merger as well as MakerBot after its acquisition and to successfully put in place and execute an effective post-merger integration plans; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; projected capital expenditures and liquidity; changes in the company’s strategy; government regulations and approvals; changes in customers’ budgeting priorities; litigation and regulatory proceedings; and those factors referred to under “Risk Factors”, “Information on the Company”, “Operating and Financial Review and Prospects”, and generally in the company’s annual report on Form 20-F for the year ended December 31, 2013 filed with the U.S. Securities and Exchange Commission and in other reports that the company has filed with the SEC. Readers are urged to carefully review and consider the various disclosures made in the company’s SEC reports, which are designed to advise interested parties of the risks and factors that may affect its business, financial condition, results of operations and prospects. Any forward-looking statements in this press release are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Stratasys Media Contacts

 

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