Founded last year to advance 3D Printing solutions based on High Speed Sintering Technologies, Xaar 3D Limited is the result of a joint investment with Stratasys. At that time, Xaar announced that Stratasys held 15% of the new company and had the possibility to increase its ownership, which is exactly what the specialist of Polyjet and Industrial FDM technologies did. Xaar plc now holds 55% of the company. However, this new agreement gives Stratasys an option to fully acquire Xaar 3D.
This investment aims to enable Xaar 3D to foster the development of its AM based High Speed Sintering technology. This technology enables the fabrication of end-parts in low-to-medium production volumes, primarily in the industrial segment.
“Xaar 3D has made significant progress over the past year and we see benefits to Stratasys in extending its investment in Xaar 3D’s innovative High Speed Sintering based solutions. We look forward to continue developing the technology together with Xaar and believe the combined expertise of both parties will lead to exploitation of the technology’s promising potential.” said Omer Krieger, EVP Products. “This continues our company’s strategy of complementing our own robust R&D efforts with partnerships and investments in other innovative companies to develop new capabilities and products that create new value to our customers”, said Doug Edwards, Chief Executive Officer, Xaar plc.
It makes no doubt this transaction will increase value for Xaar shareholders and opens doors to new developments for the technology in due course.
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