3D printer manufacturer is ready to exit
Rehovot, Israel-based 3D printer manufacturer Objet is poised to be merged in a larger entity. To be precise, as reported by Calcalist, a Hebrew daily, Objet is in acquisition talks with an electronics giant. As per the sources, the acquirer may be HP, with which Objet works in close collaboration. The deal may be worth $500 million.
Objet, as we all know, in a global leader in 3D printer manufacturing. The company’s largest shareholder is Ilan Levin, who is also the present chairman and managing director of CellGuide.
Its clientele primarily includes industry players with huge production lines. Objet serves many global players like Adidas, Apple, and General Motors, which use the Objet 3D printers for rapid prototyping of their models and parts.
According to company sources, the iPhone design was also a resultant of several prototypes produced on the Objet 3D printer. Hollywood director James Cameron also made good use of the Objet 3D printer in his blockbuster Avatar.
Image by Jeff Kubina