Stratasys Ltd. has finally completed the acquisition of Origin. Effective as of December 31, 2020, the purchase intention was announced early on December 9th and marks an important milestone for Stratasys that will now generate “meaningful incremental revenue from a wide range of new market opportunities for mass production.”
In five years of activity as a standalone company, Origin led by alumni from Google and Apple relied on a network of partners to develop a wide range of commercial-grade materials for its system, resulting in some of the toughest and most resilient materials in additive manufacturing. So far, it has received investments from various investors including Floodgate, DCM, Mandra Capital, Haystack, TDK Ventures, Stanford University, and Joe Montana.
The official completion therefore marks the addition of the company’s proprietary Programmable PhotoPolymerization (P3) technology to Stratasys’ portfolio. The company’s technology uses Programmable PhotoPolymerization to precisely control light, heat, and force, among other variables, to produce parts with exceptional accuracy and consistency.
“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”, Stratasys CEO Yoav Zeif comments.
In our article “What will 2021 look like for the additive manufacturing industry?”, we clearly mentioned this acquisition about the ones that would likely to be confirmed in 2021. The official completion today only confirms that there are signs that do not lie about the direction the AM industry will take.
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