Stratasys, a major 3D printing company with a focus on large-scale printing and additive manufacturing, announced it has acquired MakerBot, the Brooklyn-based desktop 3D printing company, in a stock deal worth $403 million.
MakerBot specializes in consumer 3D printers -- 3D printers you could buy from Amazon, for example -- so it's a move that makes sense for the larger Stratasys to try to boost the consumer market for 3D printers. "The combination of these two industry leaders is expected to drive faster adoption of 3D printing for multiple applications and industries, as desktop 3D printers are becoming a mainstream tool across many market segments," Stratasys said in a press release.
MakerBot will run under Stratasys as a separate subsidiary and retain its brand.
MakerBot has sold 22,000 3D printers since 2009. And thanks to increased consumer demand for 3D printers, half of those sales have come in the last nine months.
"We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things using a MakerBot, and allow us to bring 3D technology to more people," said Bre Pettis, CEO and co-founder of MakerBot, in a statement. "I am excited about the opportunities this combination will bring to our current and future customers."