June 24, 2013 1 Comment
The Future of 3D Family Photos Coming Soon
Stratasys has acquired 3D printing startup MakerBot for a reported $403m in a stock-for-stock transaction. The acquisition is an astute move for the listed US company that claims Mojo as its cheapest 3D printer with a $10,000 price tag. MakerBot, with its significant name recognition, has great design aesthetics and offers consumer-friendly 3D printers. An example is its new Replicator 2 which costs $2,200. MakerBot will become a Stratasys subsidiary and its CEO Bre Pettis will still lead the company.
Stratasys looks to a future where 3D printers will be a necessary tool for design professionals, engineers, artists and your average consumers. Stratasys and MakerBot estimate that between 35,000 to 40,000 desktop 3D printers were sold in 2012. This number is estimated to double in 2013, as ‘prosumers’ increasingly adopt desktop 3D printers for a broad range of applications.
Average consumers may have a hard time putting a 3D printer in their list of necessities but if companies like MakerBot can lower the price tag to $99, 3D printouts of family pictures could become a trend.
An update on trindtioaal printers, in light of the HP warning today:Lexmark (LXK -3.1%) and Xerox (XRX -2.5%) are two more casualties of H-P’s depressing analyst day (I, II). H-P (HPQ -12.7%) predicted its Imaging & Printing Group’s EPS contribution would grow by $0.05-$0.08 in FY13, but that’s largely because the division’s profits have plunged this year: for the first 9 months of FY12, IPG has seen its operating profit fall 20% Y/Y to $2.52B.
© 2016 Online Agility Investments, Acquisitions and Venture Capital Database | Internet DealBook. All Rights Reserved.