Stratasys to buy consumer 3D printer maker for $403 mln

June 19 Wed Jun 19, 2013 4:44pm EDT

June 19 (Reuters) - Industrial 3D printer maker Stratasys Ltd will buy privately held consumer printer maker MakerBot in a stock deal valued currently at about $403 million to expand its product portfolio.

Stratasys will initially issue about 4.76 million shares in exchange for the outstanding capital stock of MakerBot, the companies said in a statement.

MakerBot stakeholders will also qualify for performance-based earn-outs that provide for the issue of up to an additional 2.38 million shares through the end of 2014.

Stratasys shares rose 1 percent in after-market trading. They closed at $84.60 on the Nasdaq on Wednesday.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.