TurtleBot 3

TurtleBot 3
Click on the picture above for more information about the TurtleBot 3.

Wednesday, June 19, 2013

Stratasys just bought Makerbot!!!!!

MakerBot and Stratasys Announce Merger
Interesting now Thingiverse is down?

http://www.thingiverse.com/

Website name change?


Press conference tomorrow!!!

"MakeBot and Stratasys will host a News Conference at MakerBot’s headquarters located at One MetroTech Center (Jay Street) 21st Floor, Brooklyn, New York on Thursday, June 20, 2013 at 10:00 a.m. Eastern Time. To attend, please contact Jenifer Howard at jenifer.howard@makerbot.com. The event can be accessed live at http://www.makerbot.com; and an archive will be made available at http://mbot.co/press062013."

Make blog post


MakerBot just confirmed the sale!!!

press release.

"Transaction Details
Under the terms of the merger agreement, Stratasys will initially issue approximately 4.76 million shares in exchange for 100% of the outstanding capital stock of MakerBot. The proposed merger has an initial value of $403 million based on Stratasys’ closing stock price of $84.60 as of June 19, 2013. MakerBot stakeholders also qualify for performance-based earn-outs that provide for the issue of up to an additional 2.38 million shares through the end of 2014. The proposed earn-out payments have an initial value of up to $201 million based on the Stratasys closing stock price as of June 19, 2013. Those payments, if earned, will be made in Stratasys shares or cash (in an amount reflecting the value of the Stratasys shares that would have otherwise been issued at the relevant earn out determination date), or a combination thereof, at Stratasys’ discretion. The merger is expected to accelerate Stratasys’ growth rate and be slightly dilutive to Non-GAAP earnings per share in 2013, and accretive to Stratasys' Non-GAAP earnings per share by the end of 2014."

link to information.
MakerBot and Stratasys Announce Merger
MakerBot and Stratasys Announce Merger
MakerBot and Stratasys Announce Merger
MakerBot and Stratasys Announce Merger
MakerBot and Stratasys Announce Merger


“The last couple of years have been incredibly inspiring and exciting for us,” MakerBot CEO and co-founder Bre Pettis said in a release.  “We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things using a MakerBot, and allow us to bring 3D technology to more people.”

Article One.

Article Two.

'Today Stratasys announced that it has acquired MakerBot, as we reported, in a stock deal worth $403 million based on the current share value of Stratasys. The combination of the companies brings together a leader in 3D industrial printing and manufacturing, with the emerging leader in desktop 3D printing, which the companies said in a press release should help drive “faster adoption of 3D printing” across all categories."

Article Three.

I will post more information when I find it.

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