Tech Company M&A Transactions
Origin Acquisition
On 12/11/2020, Origin was acquired by Stratasys. The parties disclosed the acquisition price to be $100 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/11/2020
Transaction Type
M&A
Amount
$100,000,000
M&A Terms
Stratasys has stated that it expects Origin's Programmable PhotoPolymerization (P3) technology to add up to $200m incremental annual revenue within five years and will enhance its position as a supplier of 3D printing technology to markets such as dental, medical, tooling, consumer goods and select industrial industries. The Origin team will join Stratasys to lead the development of P3, launching it globally via Stratasys go-to-market organisation by mid-2021.
Company Information
Company Status
Acquired or Merged
Industry
Manufacturing
Mailing Address
75 14th St.
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Website
Email Address
Overview
Chris and Joel started Origin in late 2015 to 3D print parts for customers using open source printers but soon faced a formative deadline. They needed to produce and ship over 2,000 shoe tags in one week or risk upsetting their largest customer - Marshawn Lynch's Beast Mode.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Christopher Prucha
Chief Operating Officer
Jeffrey Lee
Chief Technical Officer
Joel Ong
VP - Customer Service
Ian Muceus
VP - Human Resources
Laura Levinsohn
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