Daily News: April 7, 2014

Deloitte Advises Solid Concepts on Stratasys Sale

Deloitte Corporate Finance is acting as financial advisor to Stratasys for total consideration of up to $295 million. The two companies have entered into a definitive agreement, and expect the transaction closing to occur early in the upcoming third quarter, subject to customary closing conditions.

“DCF’s knowledge and experience added value throughout the process. Their commitment to Solid Concepts helped us to achieve our overall goals and objectives. DCF’s global insight and experience with strategic transactions were vital to accomplishing the transaction,” said Joe Allison, founder and president, Solid Concepts.

“Stratasys has recognized Solid Concepts’ history of innovation and product quality and its market position as a leading provider of additive manufacturing and custom parts for use in demanding end-market industries,” said Tracy Albert, managing director, Deloitte Corporate Finance LLC.

“Going forward we expect to continue to see an active M&A environment in the additive manufacturing sector as entrepreneur-owned businesses continue to attract the attention of larger organizations operating in the space, as well as those looking to enter the 3D printing industry,” added Eric Andreozzi, managing director, Deloitte Corporate Finance LLC.

Solid Concepts provides custom manufacturing solutions via additive manufacturing, rapid prototyping, CNC machining, cast urethanes, injection molding and tooling.

Minneapolis-based and Rehovot, Israel, Stratasys is a global provider of additive manufacturing solutions.