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Stratasys increases stake in Xaar 3D to 45% and eyes complete takeover

September 12, 2019 / Sam Davies
SHARESHARESHARE

Stratasys has increased its stake in Xaar 3D from 15% to 45% and also has an option to acquire the remaining shares in the company in the future. The 3D printing OEM made its original investment in Xaar 3D last July when the company was launched to package High Speed Sintering technology into a range of commercial products. At that time, the agreement stated Stratasys had the option to increase its stake to 30% but with significant progress being made in the subsequent 12 months, the company has accelerated its growing influence in the Xaar subsidiary and now – should Xaar plc shareholders give their approval – looks set to take full control. High Speed Sintering has been in development for more than 15 years and has been under the watchful eye of Xaar since 2016 when lead inventor Neil Hopkinson agreed to join the team.