Stratasys and Objet announce definitive merger agreement

Stratasys and Objet have agreed a definitive merger under which the companies will combine in an all-stock transaction with a combined equity value of approximately $1.4bn (£88m).

The transaction is expected to position the combined company as a leader within the high-growth 3D printing and direct digital manufacturing industry.

Under the terms of the agreement, Stratasys will merge with a subsidiary of Objet, and Stratasys shareholders will receive one share of the new combined company for each share of Stratasys common stock they own.  

Upon closing of the transaction, Stratasys shareholders are expected to own 55 per cent and Objet shareholders are expected to own 45 per cent of the combined company on a fully diluted basis.  

The combined company, which will retain the Stratasys name and operate under the name Stratasys Ltd, will have dual headquarters in Eden Prairie, Minnesota, and Rehovot, Israel.