In recent years, the world of 3D printing has seen high highs and low lows. No company story better exemplifies this than MakerBot Industries, the consumer-focused desktop 3D printing startup, which was a homerun for its venture backers (including Foundry Group, Jeff Bezos, RRE, and Thrive Capital, among others) when it sold to 3D printing giant Stratasys for $403M. But Stratasys later adjusted MakerBot’s value down by $140M in a write-off.
Since a peak in 2014, exuberance around 3D printing has waned and M&A in the space has been sparse. But sentiment may be shifting yet again following General Electric‘s recent buying spree. Last week, GE announced it acquired Arcam and SLM Solutions, spending a reported $1.4B for both. This sent 3D printing stocks — including 3D Systems, Stratasys, and Voxeljet AG — soaring. Interest appears to have been renewed on the private side as well, with recent financings to Netherlands-based 3D printer developer Ultimaker ($17M debt) and rapid speed SLA maker Carbon 3D ($81M Series C), a round that saw backing from Sequoia, GV, and BMW i Ventures, among others.
Using CB Insights data we charted the 3D printing industry’s notable M&A transactions dating back to 2011.
Note: click image to enlarge.
The majority of M&A deals went to the two largest 3D printing companies. 3D Systems drove the bulk of activity with 30 M&A transactions, followed by Stratasys with 6. Autodesk, the design software developer, bought 4 companies.
See the full list below:
|SLM Solutions||9/6/2016||General Electric|
|David Vision Systems||7/5/2016||HP Products|
|Delcam (public to private)||6/10/2015||Autodesk|
|Easyway Model Design & Manufacture||4/7/2015||3D Systems|
|Norge Systems||3/26/2015||Groupe Gorge|
|Layer By Layer||11/13/2014||MakerBot Industries|
|Medical Modeling||4/3/2014||3D Systems|
|Gentle Giant||1/3/2014||3D Systems|
|Village Plastics Co.||12/13/2013||3D Systems|
|Sugar Lab||9/11/2013||3D Systems|
|PrintForge 3D||3/5/2013||Massive Dynamics|
|Rapid Quality Manufacturing||11/21/2012||General Electric|
|Morris Technologies||11/21/2012||General Electric|
|The Innovative Modelmakers||10/3/2012||3D Systems|
|Viztu Technologies||7/24/2012||3D Systems|
|Bespoke Innovation||5/24/2012||3D Systems|
|Paramount Industries||4/17/2012||3D Systems|
|My Robot Nation||4/11/2012||3D Systems|
|Z Corporation||11/22/2011||3D Systems|
|Vidar Systems||11/22/2011||3D Systems|
|Freedom of Creation||5/12/2011||3D Systems|
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