Deloitte Corporate Finance LLC Advises Solid Concepts Inc. in Sale to Stratasys Ltd.

LOS ANGELES, July 22, 2014 — (PRNewswire) —  Deloitte Corporate Finance LLC ("DCF") acted as financial advisor to California-based Solid Concepts Inc. ("Solid Concepts"), the largest independent additive manufacturing service bureau in North America, in its sale to Stratasys Ltd. ("Stratasys"), a leading global provider of additive manufacturing solutions, for total consideration of up to $295 million. The acquisition closed on July 14, 2014 following the receipt of anti-trust approval from the U.S. Federal Trade Commission as well as other customary closing conditions.

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

"DCF's knowledge and experience added value throughout the process. Their commitment to Solid Concepts helped us to achieve our overall goals and objectives. DCF's global insight and experience with strategic transactions were vital to accomplishing the transaction," said Joe Allison, founder and president, Solid Concepts.

"We are extremely pleased to have worked with Joe and his management team on this transaction with Stratasys. Stratasys views Solid Concepts as an industry pioneer and innovator in the additive manufacturing business. We are excited to have assisted Solid Concepts in finding a partner with a shared culture of innovation and customer service," said Tracy Albert, managing director, Deloitte Corporate Finance LLC.

"Additive manufacturing's ability to enhance existing production processes has led to significant sector growth across a number of end-markets. We expect to see continued activity in the M&A environment for additive manufacturing businesses as companies seek to tap into the strong growth potential of disruptive 3D printing technologies," added Eric Andreozzi, managing director, Deloitte Corporate Finance LLC.

About Solid Concepts
Solid Concepts Inc. provides custom manufacturing solutions via additive manufacturing, rapid prototyping, CNC machining, cast urethanes, injection molding and tooling. Since 1991, Solid Concepts has provided engineering expertise from multiple fields to bring success to new products in the aerospace, medical, consumer product industries and more. Solid Concepts capabilities in PolyJet, Stereolithography (SLA), Plastic and Metal Laser Sintering (SLS & DMLS), Fused Deposition Modeling (FDM), QuantumCast™ Cast Urethanes, CNC, Tooling, and Injection Molding allow for low to high volume production of plastics, urethanes, and metals directly from design data, resulting in significant time and cost savings. Solid Concepts holds ISO 9001 and AS9100 certifications. For more information, visit http://www.solidconcepts.com.

About Stratasys
Stratasys Ltd., headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of additive manufacturing solutions. The company's patented FDM® and PolyJet™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the RedEye digital-manufacturing service. Stratasys has more than 1,800 employees, holds over 550 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. For more information, visit http://www.stratasys.com.

About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Deloitte Corporate Finance LLC provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. Deloitte Corporate Finance LLC has access to the resources of the Corporate Finance Advisory practices of the member firms (and their affiliates) within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance LLC, these practices include in excess of 1,600 professionals, working collaboratively in 150 international locations. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

For more information, please contact a Deloitte Corporate Finance LLC professional:

Shelley Pfaendler



Deloitte



Public Relations



+1 212 492 4484

spfaendler@deloitte.com






Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a

SOURCE Deloitte

Contact:
Deloitte
Solid Concepts Inc.
Stratasys Ltd.
Web: http://www.deloitte.com/us

Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Upcoming Events
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
BI2025 - 13th Annual Building Innovation Conference at Ritz-Carlton Tysons Corner McLean VA - May 19 - 21, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise