June 19, 2013 / 8:56 PM / in 4 years

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

1 Min Read

(Reuters) - Industrial 3D printer maker Stratasys Ltd (SSYS.O) 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.

Reporting by Supantha Mukherjee in Bangalore; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below