3D printing specialist Stratasys has sent a letter to its shareholders urging them to vote in favor of the merger with Desktop Metal at the Extraordinary General Meeting on September 28. Stratasys sees the merger as an opportunity to form an additive manufacturing giant, creating significant value for shareholders.
Desktop Metal has the most advanced metal 3D printing technologies for volume production that Stratasys currently lacks, the letter to shareholders states. Together with the company’s own polymer know-how, this would open up completely new possibilities. As early as 2027, the total addressable market for manufacturing applications could double.
The product range of both companies in 3D printing is largely complementary, resulting in a comprehensive portfolio. As the first industry supplier to cover the entire manufacturing cycle from design to mass production, the merger could enable significant growth and increased profitability.
Stratasys says the merger promises to add value for shareholders: doubling the addressable market by 2027, more than $100 million in expected cost synergies by 2025, $1.6 billion in combined revenue with $300 million in operating profit in 2026, and that the merger creates a good starting point for continued innovation and growth.
Stratasys stresses that broad approval at the annual meeting is critical to realizing the merger’s potential. Therefore, the Management Board urges to vote in favor of the merger agreement.
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