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3D printer producer Stratasys has acquired the expertise portfolio and Mental Property (IP) of carbon fiber 3D printing agency Arevo. This acquisition follows the 3D printing {hardware} public sale of Arevo’s belongings, which was held final month.
Initially specializing in commercializing its AQUA 3D printers and manufacturing carbon fiber composite buildings, Arevo shifted to full-time manufacturing of its 3D printed SuperStrata bikes in 2020. Regardless of elevating $70 million in B Bridge, B1, B2, C, and crowdfunding, the corporate ceased operations final yr, fulfilling 96% of its bike orders.
Arevo’s IP contains patents referring to carbon fiber 3D printing, localized laser melting and curler compaction for Z-strength enchancment, AI-powered construct monitoring, and {hardware} design.
It will add to Stratasys’ 2,600 granted and pending patents. The agency claims that the acquisition will broaden its ‘addressable manufacturing purposes,’ and enhance adoption of its FDM 3D printers.
“The expertise we’ve acquired permits for more and more improved isotropy of bodily properties in FDM elements, which opens up further use for patrons,” commented Wealthy Garrity, Stratasys’ Chief Industrial Enterprise Officer.
“This funding continues our dedication to focusing our natural and inorganic innovation on purposes and use circumstances that present actual worth to our manufacturing prospects, making certain that Stratasys will proceed to be essentially the most related and engaging associate transferring ahead,” added Garrity.
Stratasys’ Headquarters in Rehovot, Isreal. Photograph by way of Stratasys.
Stratasys acquires Arevo’s belongings and IP
Stratasys will leverage the IP to additional develop its FDM 3D printing expertise, and overcome buyer challenges referring to the manufacturing of elements with excessive power and good isotropy. Additionally it is hoped that the mixing of this IP will allow extra dependable and constant construct high quality, in addition to increased 3D printer throughput.
This asset and IP buy is alleged to mirror Stratasys’ funding technique to create worth for patrons. This contains natural analysis and improvement (R&D) and expertise acquisitions.
The supply of Arevo’s belongings was first made public in January 2024. An e mail from Silicon Valley Disposition introduced the public sale of the agency’s ABB IRB 4600 Robots, 3D Printers, Superstrata City Bikes, Chillers, and IPG Diode Laser Modules.
Arevo’s SuperStrata bikes had been marketed as being the “World’s first custom-fit, unibody bicycle body 3D-printed in steady carbon fiber composite.” Launched on crowdfunding web site Indiegogo, the corporate raised $7 million from over 4 thousand backers.
Nevertheless, regardless of this funding and $70 million acquired from buyers akin to Khosla Ventures, GGV Capital, In-Q-Tel, and Defy.vc, operations ceased final yr. In a February 2023 LinkedIn put up, Arevo acknowledged that “our remarkably difficult journey has reached its rewarding conclusion.”
AREVO’s 3D printed bike body. Photograph by way of AREVO
3D printing belongings up on the market
The sale of Arevo’s expertise and IP displays a broader development of asset gross sales and auctions inside the 3D printing business.
It was introduced final month that 3D printing service supplier Shapeways auctioned off $5 million of its Desktop Metallic 3D printing expertise. Going down between 26-27 February, the public sale featured a catalog of steel 3D printing {hardware} together with Desktop Metallic P1 Manufacturing System 3D printers, Store System binder jet 3D printers, BMD 3D printers, powder stations, powder blenders, sintering furnaces, and drying ovens.
That is the second such public sale from Shapeways, with the corporate having listed $4 million value of Desktop Metallic 3D printing expertise in October 2023. These asset gross sales mirror latest poor monetary outcomes from the corporate, following the completion of a $605 million SPAC take care of Galileo Acquisition Corp (GLEO) in 2021.
Within the agency’s Q3 2023 numbers from November 2023, Shapeways reported income of $8.4 million. This was considerably decrease than the $150 million income the corporate projected for FY 2023 in 2021.
Elsewhere, again in 2022 product design and manufacturing service supplier SyBridge Applied sciences acquired the belongings of bankrupt 3D printing bureau Quick Radius in a deal value round $15.9 million.
Based in 2017, Quick Radius signed a $1.4 billion merger with SPAC ECP Environmental Progress Alternatives in July 2021. Nevertheless, simply 16 months later, the corporate filed for chapter, resulting from “turbulence within the capital markets which severely hampered the corporate’s capability to arrange the required capital construction.”
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Featured picture reveals Stratasys’ Headquarters in Rehovot, Isreal. Photograph by way of Stratasys.
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