MakerBot and Ultimaker Merge Entities
The merger has secured additional funding of $62.4M to advance global 3D printing innovation.
May 12, 2022
Desktop 3D printing household names MakerBot and Ultimaker have settled on a business combination agreement to advance adoption of additive manufacturing. The combined companies can now offer a comprehensive desktop 3D printing ecosystem of hardware, software and materials.
The new entity will be backed by existing investors, NPM Capital and MakerBot's parent company Stratasys, and will be infused with a planned cash investment of $62.4 million for purposes of innovation and expanding into new markets. Nadav Goshen, current MakerBot CEO, and Jürgen von Hollen, current Ultimaker CEO, will act as Co-CEOs. Goshen will manage operations and R&D and von Hollen will oversee commercial functions.
“This merger marks an important milestone for Ultimaker and MakerBot,” says Jürgen von Hollen, CEO of Ultimaker. “The new company will leverage and expand its combined global footprint with sales and operations in the Americas, EMEA and APAC.”
“Technological innovation is paramount in growing the availability of easy-to-use professional 3D printing solutions,” says Nadav Goshen, CEO of MakerBot. “By combining our teams and leveraging the additional funding, we can accelerate the development of advanced solutions to provide our customers with a broad portfolio of hardware and software solutions to serve a wide spectrum of customers and applications.”
The new entity will offer accessible desktop 3D printing solutions for any application while fostering sustainable manufacturing. The plan is to run headquarters in The Netherlands and in New York. The transaction is subject to consultation of employee representative bodies and regulatory approvals, with closing anticipated during the second or third quarters of 2022.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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