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Stratasys buys 3D CAD software designer GrabCAD

3D printing and additive manufacturing machines maker Stratasys Ltd. has purchased 3D CAD software designer GrabCAD Inc.


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September 17, 2014 by Canadian Plastics

3D printing and additive manufacturing machines maker Stratasys Ltd. has purchased 3D CAD software designer GrabCAD Inc.

The terms of the transaction were not disclosed, and the transaction is expected to be completed by the end of September.

Boston, Mass.-based GrabCAD will operate as a unit within theStratasys Global Products and Technology Group.Hardi Meybaum, co-founder and CEO of GrabCAD, will continue to lead GrabCAD within the group.

According to Stratasys, the acquisition is expected to enableit to provide its customers with enhanced collaboration tools and improved accessibility relating to 3D CAD content.

“The addition of GrabCAD providesStratasyswith a leading cloud-based collaboration platform for engineering teams to manage, share, and view CAD files,” saidDavid Reis,StratasysCEO. “By increasing the collaboration and accessibility of 3D CAD files, we believe we can further accelerate the adoption of 3D printing solutions and Stratasys’ product offerings.”

Stratasys has corporate headquarters in Minneaspolis, Minn., and Rehovot, Israel.