Stratasys to acquire 3D printing startup Origin
December 15, 2020
By Manufacturing AUTOMATION
Stratasys will acquire 3D printing startup Origin in a deal valued up to $100 million, including cash and stock.
The additive manufacturing provider says the merger will allow it to expand in the mass production parts segment with Origin’s photopolymer platform, and into industries such as dental, medical, tooling, and select industrial, defence, and consumer goods segments.
Stratasys expects Origin’s proprietary Programmable PhotoPolymerization (P3) technology to be a growth engine for the company, adding up to $200 million in incremental annual revenue within five years.
Origin’s P3 technology, an advancement on Digital Light Processing (DLP) principles, cures liquid photopolymer resin with light.
The company’s first manufacturing-grade 3D printer, Origin One, controls light, heat, and force, among other parameters, via Origin’s closed-loop feedback software.
This new technology enables customers to build parts with accuracy, consistency, size and detail, while using a wide range of commercial-grade, durable resins.
Origin works with a network of material partners such as Henkel, BASF and DSM to develop resins for its system.
The acquisition is expected to close in January 2021.
- Industry group seeks to shorten two-week shutdown of poultry plant in Nova Scotia
- VIDEO: Looking back on the automation market in 2020