Stratasys increases its stake in Xaar 3D

Stratasys is to increase its 15% stake in Xaar 3D to 45%. The agreement includes an option to fully acquire the remaining 55% of shares owned by Xaar.

Xaar and Stratasys announced the formation of Xaar 3D in July 2018. The aim of the latest strategic investment by Stratasys is to enable Xaar 3D to accelerate the development of its additive manufacturing solutions based on high speed sintering technology. These solutions are designed for end-use parts applications in low-to-medium production volumes, primarily in the industrial segment. “Xaar 3D has made significant progress over the past year and we see benefits to Stratasys in extending its investment in Xaar 3D's innovative High Speed Sintering based solutions. We look forward to continue developing the technology together with Xaar and believe the combined expertise of both parties will lead to exploitation of the technology's promising potential,” said Omer Krieger, EVP products. “This continues our company’s strategy of complementing our own robust R&D efforts with partnerships and investments in other innovative companies to develop new capabilities and products that create new value to our customers.”