Acquisitions, Mergers & PartnershipsAdditive ManufacturingAM IndustryMetal Additive Manufacturing

Stratasys sells its Texas-based metal 3D printing service to Cumberland Additive

Move set to will drive better focus while simultaneously improving profitability.

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It was already in the air for some time, as Stratasys removed all mentions of its Stratasys Direct Manufacturing metal 3D printing capabilities from its website and all communication materials. Now the transaction is complete. In its continuing effort to focus on key applications, Stratasys completed the sale of its Austin, Texas-based metal 3D printing service, one of the largest in the world in terms of overall capabilities, to Cumberland Additive.

“We are focusing Stratasys Direct to maximize synergies with our market-leading additive manufacturing business,” confirmed Gurvinder Kahlon, General Manager and Vice President, Stratasys Direct Manufacturing. “Stratasys Direct has best-in-class technology, deep expertise, and focused management teams that are poised to deliver strong results for our customers and help them achieve their manufacturing needs.”

Stratasys sells metal 3D printing business to Cumberland Additive in move set to drive focus while simultaneously improving profitability.
A recent open house event at Cumberland Additive.

Stratasys, a world leader in polymer 3D printing, had begun offering metal 3D printing services after acquiring two large 3D printing service providers, Solid Concepts and Harvest Technologies, in 2014. This update, with the sale of the facilities to Cumberland Additive, is already reflected in VoxelMatters’ research upcoming study on the Metal AM Market’s opportunities and trends (2022-2032).

Stratasys Direct is the company’s on-demand parts service bureau. The sale of the Stratasys metal facility in Austin to Cumberland Additive follows the August sale of the Stratasys Direct urethane facilities. This decision, along with operational transformation efforts that began in early 2023, will drive better focus, accountability, internal efficiency, and speed to customers, while simultaneously improving profitability.

This transformation positions the Stratasys Direct parts business to achieve several key objectives. Firstly, it allows us to effectively demonstrate the numerous advantages of Stratasys solutions in the realm of production-scale additive manufacturing. Additionally, it enables us to deliver even greater value to our customers through cross-selling opportunities and the extension of our capacity to meet their evolving needs. Furthermore, this shift allows us to concentrate the expertise of Stratasys Direct on providing tailored solutions for customer applications, irrespective of the specific technology involved, ensuring that we meet and exceed their expectations. Importantly, this strategic transformation is expected to contribute substantial growth and accretive income by harnessing our technology and industry know-how. Finally, it will play a pivotal role in accelerating the development of Stratasys’ manufacturing solutions portfolio, reinforcing our commitment to innovation and staying at the forefront of additive manufacturing advancements.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based VoxelMatters. Today the company publishes the leading news and insights websites VoxelMatters.com and Replicatore.it, as well as VoxelMatters Directory, the largest global directory of companies in the additive manufacturing industry.

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