Ultimaker and MakerBot officially announce merger
Ultimaker and Makerbot, two leaders in desktop 3D printers, today announced that they have entered into a business combination agreement that will accelerate the development and adoption of additive manufacturing by providing a comprehensive desktop 3D printer ecosystem that includes hardware, software and materials.
The new entity will be backed by existing investors NPM Capital and Stratasys (NASDAQ: SSYS) and will benefit from a planned $62.4 million cash investment to drive innovation and expansion into new markets. The new company will be led by Nadav Goshen, the current CEO of MakerBot, and Jürgen von Hollen, the current CEO of Ultimaker, who will serve as co-CEOs, with Nadav managing operations and R&D and Jürgen managing the commercial functions.
“This merger marks an important milestone for Ultimaker and MakerBot,” said Ultimaker CEO Jürgen von Hollen. Innovation and growth are both critical to bringing desktop 3D printers from a specialty technology to mainstream business adoption. The new company will leverage and expand its global footprint with sales and operations in the Americas, EMEA and Asia Pacific.
“Technological innovation is critical to increasing the usability of easy-to-use professional 3D Printer solutions,” said Nadav Goshen, CEO of MakerBot. By combining our teams and leveraging 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 diverse customer needs and applications. The new entity aims to provide an easy-to-use and accessible desktop 3D Printer solution suitable for any application, while inspiring the industry towards a future state of responsible and sustainable manufacturing.
The new company will be headquartered in the Netherlands and New York, USA. The transaction, which is subject to consultation with the appropriate employee representative bodies and regulatory approvals, is currently expected to close in the second or third quarter of 2022.
Founded in 2011, Ultimaker’s mission is to accelerate the world’s transition to flexible, empowering and sustainable solutions. 380 employees provide a platform that enables customers to take full advantage of the unique Ultimaker ecosystem, which offers the industry’s most diverse range of 3D Printer products and services. Ultimaker offers easy-to-use seamless integration of hardware, software and materials.
MakerBot is the global leader in the desktop 3D Printer industry. MakerBot empowers today’s and tomorrow’s engineers with its robust additive manufacturing ecosystem. The company is committed to redefining 3D Printer standards for safety and emissions, reliability, accessibility, accuracy and ease of use. Through this dedication, MakerBot has a large installed base, manages Thingiverse, the largest 3D Printer community in the world, and has membership on the UL 2904 Standards Committee to ensure it is at the forefront of emissions regulations.