Stratasys to Acquire GrabCAD
The acquisition will bring further support for 3D CAD data in the 3D printing process.
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Stratasys (Minneapolis, Minnesota; Rehovot, Israel) has entered into a definitive agreement to acquire GrabCAD, a privately held developer of 3D CAD cloud collaboration tools headquartered in Boston, Massachusetts. Upon completion of the transaction, GrabCAD will operate as a unit within the Stratasys Global Products and Technology Group. Hardi Meybaum, co-founder and CEO of GrabCAD, will continue to lead the unit.
Founded in 2010, GrabCAD offers GrabCAD Workbench, a cloud-based collaboration platform that enables users to share, view and manage CAD files as well as other data. The Workbench tool also supports a public CAD file library and community of more than 1.5 million members. Stratasys expects that the addition of the platform to enable it to drive communication and ease of use throughout the 3D printing process while growing its technology solutions and user communities.
“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,” says David Reis, CEO of Stratasys. “Together with GrabCAD, we believe that we will accelerate innovation and provide increased value to a growing universe of customers seeking to utilize 3D printing solutions.”
