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Announced

Completed

Stratasys completed the acquisition of the additive manufacturing business of Covestro for $79m.

Financials

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Transaction Value£65m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

additive manufacturing

Friendly

Private

Majority

Germany

Specialty Chemicals

Acquisition

Single Bidder

Completed

Synopsis

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Stratasys, a firm involved in additive manufacturing, completed the acquisition of the additive manufacturing business of Covestro, a manufacturer of high-quality polymer materials and their components, for $79m. "Additive manufacturing is a growing, but also highly competitive market. We are convinced that Stratasys offers the optimal conditions to support the further growth of our former Additive Manufacturing Business in this field," Thomas Toepfer, Covestro CFO.

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