Stratasys Acquires Remaining Stake In Xaar 3D For Undisclosed Sum

Polymer 3D printing solutions provider Stratasys Ltd SSYS acquired the remaining shares of Xaar 3D Ltd from Xaar PLC XAARF, accelerating its growth in production-scale 3D printing. The financial terms of the transaction remain undisclosed.
Stratasys previously owned a 45% stake in Xaar 3D. The Xaar 3D team will join Stratasys to continue developing the H Series platform and SAF technology.
Stratasys held $522.7 million in cash and equivalents as of June 30.
"We are committed to being the leading provider of production-scale polymer 3D printing for our customers as additive manufacturing continues to transform industries around the world," Stratasys CEO Dr. Yoav Zeif said.
In April 2021, Stratasys introduced the H350 3D printer, the first system powered by Xaar 3D's powder-based SAF technology.
Price Action: SSYS shares closed higher by 3.87% at $22.55 on Tuesday.