Completion of Investment by Stratasys in Xaar 3D

RNS Number : 7187V

Xaar PLC

04 December 2019

 

Xaar plc (the "Company")

Completion of Investment by Stratasys in Xaar 3D Limited

The Company is pleased to announce that following the announcement of 27 November 2019, the proposed increase of investment by Stratasys in Xaar 3D with an option for Stratasys to acquire the whole of Xaar 3D within 3 years, has completed following receipt of funds. 

Enquiries:

Xaar plc
John Mills, Chief Executive Officer Shomit Kenkare, Chief Financial Officer	[phone]
Jefferies International (Financial advisor and Sponsor)	[phone]
Max Jones
Will Soutar
Tulchan Communications	[phone]
James Macey White

About Xaar
Xaar is a world leader in the development of digital inkjet technology. Our technology drives the conversion of analogue printing and manufacturing methods to digital inkjet which is more efficient, more economical and more productive than the traditional methods which have been in use for years. We design and manufacture printheads as well as systems for product decoration and 3D Printing which use our inkjet technology.

About Stratasys

Stratasys is a global leader in additive technology solutions for industries including Aerospace, Automotive, Healthcare, Consumer Products and Education. For nearly 30 years, a deep and ongoing focus on customers' business requirements has fueled purposeful innovations - 1,200 granted and pending additive technology patents to date - that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts.

 

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