Covestro sells additive manufacturing business to Stratasys
Originally announced in August 2022, the sale includes 3D printing materials solutions, employees, R&D facilities and offices across Europe, the U.S. and Asia.
.jpg;width=70;height=70;mode=crop;format=webp)
Share
As of April 3, 2023, Covestro (Leverkusen, Germany) has successfully completed the sale of its Additive Manufacturing Business to the 3D printing company Stratasys (Rehovot, Israel and Eden Prairie, Minn., U.S.).
The company originally announced in August 2022 that it was planning to sell this business for a price of approximately €43 million, with a potential earn-out of up to €37 million, subject to the achievement of various performance metrics.
The Additive Manufacturing Business provides material solutions for common polymer 3D printing processes and includes, among others, products of the Resins & Functional Materials business acquired from DSM in 2021. Included are employees, R&D facilities and offices across Europe, the U.S. and Asia.
With the divestment of the Additive Manufacturing Business, Covestro says it is continuing its portfolio optimization and a stronger focus on its customer product offerings.
Related Content
-
Combining multifunctional thermoplastic composites, additive manufacturing for next-gen airframe structures
The DOMMINIO project combines AFP with 3D printed gyroid cores, embedded SHM sensors and smart materials for induction-driven disassembly of parts at end of life.
-
The potential for thermoplastic composite nacelles
Collins Aerospace draws on global team, decades of experience to demonstrate large, curved AFP and welded structures for the next generation of aircraft.
-
Hybrid process marries continuous, discontinuous composites design
9T Labs and Purdue applied Additive Fusion Technology to engineer a performance- and cost-competitive aircraft bin pin bracket made from compression-molded continuous and discontinuous CFRTP.
