GrabCAD Sold for a Reported €77 Million
ERR - The world's largest 3D printer manufacturer, Stratasys, signed a deal to buy GrabCAD, an Estonian-founded startup, on Tuesday.
The sale will be finalized at the end of the month with CEO Hardi Meybaum continuing as head of the company. Techcrunch.com valued the sale at around 100 million US dollars, or 77 million euros.
Meybaum said the two companies share the same vision of the evolution of design and manufacturing, adding that GrabCAD will now have better resources to develop.