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

Synopsis

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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