Additive manufacturing startups MakerBot and Ultimaker agree to merge
MakerBot and Ultimaker, two of the best-known desktop 3D printing startups, have entered into a “corporate combination agreement” – or merger.
The company says the move will accelerate the adoption of additive manufacturing by providing a complete desktop 3D printing ecosystem comprised of hardware, software, and materials.
The new entity will be backed by existing investors, NPM Capital and Stratasys, and will benefit from an expected cash investment of $62.4 million to fuel innovation and expansion into new markets.
The new company will be led by Nadav Goshen, current CEO of MakerBot, and Jürgen von Hollen, current CEO of Ultimaker, who will act as co-CEOs, with Nadav managing operations and R&D and Jürgen managing commercial functions.
Jürgen von Hollen, CEO of Ultimaker, said: “This merger marks an important milestone for Ultimaker and MakerBot.
“Innovation and growth are both key to moving desktop 3D printing from a niche technology to enterprise adoption.
“The new company will leverage and expand its combined global footprint with sales and operations in the Americas, EMEA and APAC.
Nadav Goshen, CEO of MakerBot, says, “Technological innovation is paramount to increasing the availability of easy-to-use professional 3D printing solutions.
“By combining our teams and leveraging additional funding, we can accelerate the development of advanced solutions to provide our customers with a broad portfolio of hardware and software solutions to serve a wide range of customers and applications.
The new entity aims to offer easy-to-use and accessible desktop 3D printing solutions for any application while inspiring the industry towards a future state of responsible and sustainable manufacturing.
The new company will retain its headquarters in the Netherlands and New York, USA. The transaction is subject to consultation with the appropriate employee representative bodies and regulatory approvals, with closing currently expected in the second or third quarters of 2022.