Stratasys to Acquire Origin, for $100M
Stratasys to Acquire Origin, for $100M Rehovot, Israel-based Stratasys Ltd. (NASDAQ: SSYS) is to acquire 3D San Francisco, CA-based printing startup Origin Inc., for total consideration of up to $100m, including cash and stock. Subject to various approvals and other closing conditions, the acquisition is expected to close in January 2021. Under the terms of the deal, the total consideration for the transaction is comprised of $60m paid on closing ($6m of which is subject to the founders’ retention over 3 years) and $40m that is subject to performance-based earnouts over 3 years. The acqui...
Source: finsmes.com