Stratasys Completes Origin Acquisition
Stratasys has completed its acquisition of Origin, adding Origin’s Programmable PhotoPolymerization additive manufacturing process to its capabilities.
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Stratasys Ltd. has completed its acquisition of Origin, accelerating its expansion into mass-production additive manufacturing with Origin’s software-centric Programmable PhotoPolymerization digital light processing solution for production-oriented polymer applications.
“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,” says Stratasys CEO Yoav Zeif. “I’m confident that Origin’s innovative solutions will be a key contributor to strong company growth beginning in 2021 and help us further realize our strategic goal to fortify our leadership position as the ‘first choice’ for polymer 3D printing.”
As the company previously indicated on Dec. 9, 2020, Stratasys expects the impact of the acquisition on its diluted non-GAAP earnings per share to accelerate its growth rate and be slightly dilutive to non-GAAP earnings per share in 2021, and accretive to non-GAAP earnings per share by 2023.
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