The US company Stratasys has completed the sale of its subsidiary Stratasys Direct in Austin, Texas to the company Cumberland Additive. Stratasys Direct is a service provider for the production of customized 3D printed parts.
According to Stratasys, the sale is part of a strategic realignment to focus on core competencies. The aim is to make greater use of synergies with the 3D printer business and increase profitability. Plants for plastic parts were already sold in August.
In future, Stratasys Direct will concentrate on demonstrating the benefits of Stratasys solutions for series production. According to the person responsible, Gurvinder Kahlon, Stratasys Direct has the expertise to support customers in additive manufacturing and drive the development of new solutions.
The selective sale of plants is intended to make Stratasys Direct more powerful. Stratasys intends to raise its profile in the market for professional 3D printing services and make the business more profitable again.