Stratasys Ltd

NASDAQ:SSYS  
20.04
+0.47 (+2.40%)
Production Guidance, Mergers / Acquisitions

Stratasys To Acquire Origin, Bringing New Additive Manufacturing Platform To Polymer Production

Published: 12/09/2020 11:09 GMT
Stratasys Ltd (SSYS) - Stratasys to Acquire Origin, Bringing New Additive Manufacturing Platform to Polymer Production.
Transaction for Total Consideration of Up to $100 Million, Including Cash and Stock.
Total Consideration for Deal Comprised of $60 Million Paid on Closing & $40 Million That is Subject to Performance-based Earnouts Over 3 Years.
Deal to Be Paid Using a Combination of Stock of About $45 Million and Cash of About $55 Million at Closing and Throughout Earnout Period.
Deal is Expected to Accelerate Co's Growth Rate and Be Slightly Dilutive to Non-GAAP Earnings per Share in 2021.
Acquisition is Expected to Be Accretive to Co's Non-GAAP Earnings per Share by 2023.