Covestro announces that it has signed a definitive agreement to sell its Additive Manufacturing business to Stratasys.
The transaction includes global development and sales employees, Research & Development facilities, production assets and offices in Europe, the U.S. and China as well as access to a large network of partners globally. The portfolio comprises products from the Resins & Functional Materials business acquired from DSM in 2021. It includes the brands Somos® and Addigy®.
With the decision to sell the Additive Manufacturing business, Covestro continues its portfolio optimization. Covestro is convinced that Stratasys offers the optimal conditions to support the further growth of its former Additive Manufacturing business in this growing though highly competitive market.
The completion of the transaction is subject to regulatory and other required approvals and is expected to close during the first quarter of 2023.
For now, nothing changes in the way you do business with us. As we work to get regulatory and other required approvals, we will reach out with more information. Once these approvals have been obtained, we can start working with Stratasys to reach out to you. We wish to confirm that there will be no planned changes to our organization or our business model without proactive advanced notice and dialogue with you.
www.covestro.com
