Stratasys to Acquire MakerBot

Eden Prairie-based 3D printer manufacturer Stratasys announced Wednesday that MakerBot would be merging with a Stratasys subsidiary in a $403 million deal that could create 80 new jobs, the companies announced Wednesday.

Stratasys expects the merger to accelerate adoption of 3D printing, particularly with affordable desktop 3D printers. Stratasys makes professional-grade 3D printers for industrial use, such as the one used in the new University of Minnesota Medical Devices Center. Makerbot, on the other hand, sells its Replicator 2 for $2,200.

MakerBot will operate as a separate subsidiary of Stratasys—with its own identity, products and market strategy. Bre Pettis, CEO and co-founder of MakerBot, will continue to lead the company.

The companies expect to complete the merger during the third quarter of 2013. Twin Cities Business reported that Stratasys will recruit 80 to 100 employees between now and the end of the year.

"MakerBot's 3D printers are rapidly being adopted by CAD-trained designers and engineers," a news release quoted Stratasys CEO David Reis. "Bre Pettis and his team at MakerBot have built the strongest brand in the desktop 3D printer category by delivering an exceptional user experience. MakerBot has impressive products, and we believe that the company's strategy of making 3D printing accessible and affordable will continue to drive adoption. I am looking forward to working with Bre."

Watch a press conference about the merger in the video player above.