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 constructions, 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 consists of patents regarding 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 extra use for purchasers,” 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, guaranteeing that Stratasys will proceed to be probably the most related and engaging accomplice transferring ahead,” added Garrity.
Stratasys acquires Arevo’s belongings and IP
Stratasys will leverage the IP to additional develop its FDM 3D printing expertise, and overcome buyer challenges regarding 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 purchasers. This consists of natural analysis and improvement (R&D) and expertise acquisitions.
The provision of Arevo’s belongings was first made public in January 2024. An electronic 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 have been marketed as being the “World’s first custom-fit, unibody bicycle body 3D-printed in steady carbon fiber composite.” Launched on crowdfunding website Indiegogo, the corporate raised $7 million from over 4 thousand backers.
Nevertheless, regardless of this funding and $70 million obtained from buyers corresponding to Khosla Ventures, GGV Capital, In-Q-Tel, and Defy.vc, operations ceased final yr. In a February 2023 LinkedIn put up, Arevo said that “our remarkably difficult journey has reached its rewarding conclusion.”
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 Steel 3D printing expertise. Happening between 26-27 February, the public sale featured a catalog of metallic 3D printing {hardware} together with Desktop Steel 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 Steel 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 deal with 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, as a result of “turbulence within the capital markets which severely hampered the corporate’s skill to arrange the required capital construction.”
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Featured picture exhibits Stratasys’ Headquarters in Rehovot, Isreal. Picture by way of Stratasys.