RE: pieces of jigsaw comething together27 Apr 2020 09:55
and with at least a further $33m in addition to where we are today investment in the 3d side, current mcao £33m, looks like a great deal more value here (almost twice)
article from last year announcing the initial move by Stratasys and looks like we are arriving at the later stages of investment and transformation for XAR :-)
https://www.fabbaloo.com/blog/2019/9/13/stratasys-invests-big-time-in-xaar-but-why
Stratasys Xaar Investment
The new investment in Xaar is substantial. They explain:
“… an agreement with Xaar plc to purchase shares of Xaar 3D Ltd. that will increase Stratasys’s stake in Xaar 3D from 15 to 45 percent, with Xaar plc, through its fully owned subsidiary, Xaar 3D Holdings, having the remaining 55 percent. In addition, the agreement includes an option for Stratasys to acquire the remaining shares of Xaar 3D. The transaction is subject to Xaar plc shareholder approval.”
So it seems that Stratasys is very confident in recent developments at Xaar 3D and wishes to push it along as fast as they can. Also note that they likely intend to absorb the company entirely by purchasing the remaining 55% at some point in the future.
Mass Customization with Xaar?
My suspicion is that this will eventually lead to a new line of manufacturing products from Stratasys using the Xaar HSS technology. These will be huge machines capable of mass manufacturing of custom thermoplastic objects. That’s something we really haven’t seen yet, as 3D printing of today can produce custom objects only at low volumes.
If this move is successful, it could boost Stratasys’ revenues significantly, as the manufacturing business is vastly larger than their current market,