Desktop 3D printing firms MakerBot and Ultimaker will merge, with the new entity receiving a cash investment of $62.4 million to fuel innovation and expand into new markets.
The combined companies will offer comprehensive product lines of hardware, software and materials that deal makers expect to accelerate the adoption of additive manufacturing.
The new entity will be led by MakerBot CEO Nadav Goshen and Ultimaker CEO Jürgen von Hollen, who will act as co-CEOs. Goshen will manage operations and R&D while von Hollen oversees commercial functions.
"This merger marks an important milestone for Ultimaker and MakerBot," von Hollen said in a news release. "Innovation and growth are both critical to bringing desktop 3D printing from a specialty technology into mainstream business adoption. The new company will leverage and expand its combined global footprint with sales and operations (globally)."
Technological innovation is paramount to increase the availability of easy-to-use professional 3D printing solutions, Goshen added.