Stratasys plans additional strategic investment in Xaar 3D Ltd

September 13, 2019

Xaar (LON: XAR), A world leader in industrial inkjet technology, announces that Stratasys (NASDAQ: SSYS), has entered into an agreement to purchase shares of Xaar 3D Ltd that will increase Stratasys’s stake in Xaar 3D from 15 to 45 percent, with Xaar plc, through its fully owned subsidiary, Xaar 3D Holdings, having the remaining 55 percent. In addition, the agreement includes an option for Stratasys to acquire the remaining shares of Xaar 3D. The transaction is subject to Xaar plc shareholder approval.

The strategic investment by Stratasys is intended 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 plc and Stratasys announced the formation of Xaar 3D Ltd in July 2018. The purpose of the joint investment is to develop High Speed Sintering additive manufacturing solutions for Stratasys to bring to market.

Xaar 3D Ltd has great potential and we look forward to continuing to work with Stratasys to develop its full potential in this deeper relationship. I am pleased that this transaction will create good value for Xaar shareholders and unlocks the ability for more significant value in due course."

Doug Edwards, Chief Executive Officer, Xaar plc

Share or Email this content
Graphic Display World

Email us your news, PR, case studies to [email protected]

Roland DG (UK) Ltd - VersaUV Double Your Profits
FuturePrint Virtual Summit Opens In... October 12, 2020 10:00 AM 100
Sign & Digital UK 2021 Opens In... March 02, 2021 10:00 AM 241
FESPA Global Expo 2021 Opens In... March 09, 2021 10:00 AM 248
Your 300 x 300 Banner Here
drupa 2021 Opens In... April 20, 2021 10:00 AM 290
The Print Show 2021 Opens In... September 28, 2021 10:00 AM 451

The UK's coolest wide format printing trade press website specialising in providing punchy and concise up-to-the-minute news, views and industry opinions ...


SEARCH