Covestro sells additive manufacturing business to Stratasys

Covestro announced the sale of its additive manufacturing business to Stratasys for approximately EUR 43 million. In addition, there are potential benefits of up to 37 million euros, depending on the achievement of various performance indicators.

Covestro said that with the sale of its additive manufacturing business, it continues to optimize its product portfolio in order to position itself more effectively in the market and to be able to focus more on offering a wide range of products to customers in its core industries.

The divested businesses of Covestro include employees, research and development facilities, production assets and offices in the Netherlands, Germany, the United States and China, as well as an extensive network of partners worldwide. This business provides material solutions for common polymer 3D printing processes. The portfolio of the Additive Manufacturing business also includes products from the resins and functional materials business that Covestro acquired from DSM in 2021.

The transaction is scheduled to close in the first quarter of 2023.