# Stratasys to acquire Covestro's additive manufacturing materials business

Stratasys signed a definitive agreement to acquire Covestro's additive manufacturing materials business for approximately EUR 43 million plus a potential earnout of up to EUR 37 million. The deal includes R&D facilities, a portfolio of about 60 materials, and an extensive IP portfolio.

- Type: Acquisition
- Announced: 2022-08-08
- Where: United States
- Value: $44.0M (43.0M EUR)
- Status: announced
- Products: additive manufacturing materials, photopolymers, Somos resins
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md)
- [Covestro](https://endata.com/companies/1705.md) (partner)
- [Covestro](https://endata.com/companies/1705.md) (target)
- [Stratasys](https://endata.com/companies/23374.md) (acquirer)

## Sources

- [investors.stratasys.com](https://investors.stratasys.com/news-events/press-releases/detail/792/stratasys-signs-agreement-to-acquire-covestros-additive), 2022-08-08: "Innovative materials are the fuel of additive manufacturing and translate directly into the ability to create new use cases for 3D printing."
- [ptonline.com](https://www.ptonline.com/news/stratasys-to-acquire-covestros-additive-manufacturing-materials-business-), 2022-08-10: "Innovative materials are the fuel of additive manufacturing and translate directly into the ability to create new use cases for 3D printing, particularly in the production of end-use parts like dental aligners and automotive components."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=18), 2022-08-12: "Covestro has signed a definitive agreement to sell its Additive Manufacturing Business to Stratasys."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=9), 2022-09-13: "Covestro has signed a definitive agreement to sell its Additive Manufacturing Business to Stratasys."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.