- Stratasys Ltd. (NASDAQ: SSYS) — a leader in polymer 3D printing solutions — announced it acquired UK-based RP Support Ltd. (RPS), a provider of industrial stereolithography 3D printers and solutions. These are the details.
Stratasys Ltd. (NASDAQ: SSYS) — a leader in polymer 3D printing solutions — announced it acquired UK-based RP Support Ltd. (RPS), a provider of industrial stereolithography 3D printers and solutions. And RPS’ complementary technology further expands Stratasys’ polymer suite of solutions across the product life cycle, from concept modeling to manufacturing.
The company is going to utilize its industry-leading go-to-market infrastructure to offer RPS’ Neo line of systems to the global market with an expanded set of applications. And Stratasys expects the acquisition to be slightly accretive to revenue and non-GAAP per-share earnings by the end of 2021.
RPS’ Neo line of 3D printers features dynamic laser beam technology that enables build accuracy, feature detail, and low variability across the full extent of a large build platform. And as an open resin system, the Neo products provide customers materials with a wide range of properties like chemical resistance, heat tolerance, flexibility, durability, and optical clarity. RPS’ products can produce large parts up to 800 x 800 x 600 mm, providing a significant build area in a small footprint.
Plus all Neo systems are Industry 4.0-ready, with Titanium control software that includes a camera, network connectivity, support remote diagnostics, and mid-build parameter customization. And the printers can automatically email progress reports on jobs. Stratasys plans to integrate its GrabCAD Print workflow software into future versions of the product.
Williams Racing, a British Formula 1 racing team, had recently acquired multiple Neo 800 3D printers (quote about that below).
Industrial stereolithography systems are known for being well-established in the 3D printing industry for applications like tooling, investment casting patterns, anatomical modeling, orthodontic clear aligner molds, and large design parts. And they provide quality surface finish, large build sizes, a fast time to print, and an affordable cost per part.
The global addressable sector for industrial stereolithography systems is estimated at about $150 million and is expected to continue growing at a rate of approximately 10% per year.
KEY QUOTES:
“As businesses accelerate their adoption of additive manufacturing, our goal is providing our global customers with the world’s best and most complete polymer 3D printing portfolio. We believe the Neo products are superior relative to other solutions currently available in the market due to an open choice in resins, low service requirements, and reliable and accurate builds with simple day-to-day operation. With access to our strong global channels and our innovative GrabCAD software, we will bring RPS’ innovative products to many more manufacturing organizations.”
— Stratasys CEO Yoav Zeif
“We developed the Neo line to raise the industry standard for the next generation of large-frame industrial stereolithography 3D printers. I’m looking forward to continuing to develop this best-in-class technology with the Stratasys team as we bring our products to a broadened global audience.”
— RPS Director David Storey
“The team’s RPS Neo 800 machines ran unmanned over the Christmas break, delivering a huge volume of high-quality parts to our aero test program, a truly astounding achievement. I wanted to let you know how impressed we have been with our new Neo 3D printers.”
— Williams Racing Operations Director James Colgate
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
