Stratasys and Desktop Metal are in talks for a potential merger with Alphabet
Desktop Metal, based in Massachusetts, did indeed go public in 2020 through a merger with a particular purpose acquisition company (SPAC) sponsored by former cable executive Leo Hindery Jr. The deal allowed Desktop Metal to become a publicly traded company.
The projection from consulting firm Wohlers Associates, stating that the 3D printing industry is expected to surpass $100 billion by 2032, reflects the optimistic outlook for the industry’s growth potential.
3D printers are versatile devices that create objects from various materials, including plastics, metals, and cement. They utilize digital designs as guides for the manufacturing process. Stratasys, as mentioned on its website, offers a range of products that find applications in industries such as aerospace, automotive, consumer products, and medical. Desktop Metal, headquartered in Massachusetts, has positioned itself in the automotive and consumer goods industries. Its 6,000 customers span multiple sectors, indicating a diverse customer base.
3D Printer Company Stratasys Is in Talks to Merge with Alphabet-Backed Desktop Metal.
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