Ultimaker B.V. agreed to acquire MakerBot Industries, LLC from Stratasys Ltd. (NasdaqGS:SSYS) on May 12, 2022. Under the terms of the agreement, NPM Capital plans to contribute UltimakerÆs assets, invest $15.4 million, and own 54.4% of the combined company, while Stratasys will contribute MakerBotÆs assets, invest $47 million, and own 45.6% of the combined company. NPM Capital and Stratasys and will benefit from a planned cash investment of $62.4 million to fuel innovation and expansion into new markets. The new company will be led by Nadav Goshen, current MakerBot Chief Executive Officer, and Jnrgen von Hollen, current Ultimaker Chief Executive Officer, who will act as Co-Chief Executive Officer, with Nadav managing operations and R&D and Jnrgen managing the commercial functions. The new company will maintain headquarters in both The Netherlands and New York, USA. The transaction is subject to consultation of appropriate employee representative bodies and regulatory approvals, with closing currently expected over the course of the second or third quarters of 2022. Stephen Butkow, Elise Le, Chen Na, Thien Nguyen, Alain Dobkin,Bryan Dow,Travis Tung of Stifel Financial Corp. (NYSE:SF) acted as financial advisor to Stratasys Ltd. Meitar Liquornik Geva Leshem Tal & Co acted as legal advisor to Stratasys Ltd. Cooley LLP acted as legal advisor to Stratasys Ltd. Lincoln International LLC acted as financial advisor to NPM Capital. Allen & Overy LLP acted as legal advisor to NPM Capital. Daphne Bens, Sander Wiggers, Aad Oomen, of DLA Piper acted as legal advisor to Stratasys Ltd.
Ultimaker B.V. acquired MakerBot Industries, LLC from Stratasys Ltd. (NasdaqGS:SSYS) for $187.3 million on July 14, 2022. Stratasys Ltd. to form a new entity under the name Ultimaker, effective August 31, 2022. The new combined company offers a comprehensive solution set of hardware, software and materials, creating a leading force in Desktop 3D printing. Following the merger, NPM Capital owns 53.5% of the combined company, while Stratasys owns the remaining 46.5%.