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12-04-2012

Stratasys and Objet: Merger Completed

Stratasys, Inc., Minneapolis, MN/USA, and Objet Ltd., Rehovat, Israsel, completed their merger. The combined company with the name Stratasys, Inc. manufactures 3-D printers and materials for prototyping and production. The market capitalization of the new company will be approximately USD 3.0 billion.

The company will offer three technologies: FDM for functional prototypes and production parts; inkjet-based PolyJet for prototyping parts with high feature detail and fine surface finish; Solidscape Drop-on-Demand thermoplastic ink-jetting technology for complex wax patterns for investment casting of finished parts.

David Reis, former chief executive officer of Objet, has assumed the role of chief executive officer; Erez Simha, former chief operations officer and chief financial officer of Objet, has assumed the role of chief operations officer (IL) and chief financial officer; Scott Crump, co-founder and former chief executive officer of Stratasys, Inc., has become full-time executive chairman of the board; and Elchanan Jaglom, formerly chairman of Objet, is serving as the full-time chairman of the executive committee.

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