Desktop Metal CEO: What's Next After the Deal to Merge with Stratasys Fails

Oct. 2, 2023
Ric Fulop: "It was a distraction," "We probably are going be worth more than them in the future," "They're three times our revenue, but we're getting 40% of the company, which is what pissed off their investors"

Disruption was the key word in the additive manufacturing world last week as Stratasys shareholders overwhelmingly rejected the company’s planned takeover of rival Desktop Metal.

As a consolation prize, Burlington, Massachusetts-based Desktop Metal will walk away with a $32.5 million breakup fee and the elimination of what Founder and CEO Ric Fulop called a distraction..

A day after the Stratasys/Desktop Metal deal collapsed, Fulop sat down with IndustryWeek editors to discuss where his company goes from here, how Desktop Metal’s approach to the future of additive is different from its peers and what he thinks of a potential merger between Stratasys and 3D Systems.

“When you look back five years from now, you’re going to be very happy with the way that we built this business,” Fulop said

Speaking of more potential mergers, 3D Systems announced Friday that it would give Stratasys another two months to consider its latest buyout offer (the original offer had been set to expire on Oct. 3).

Previous Stratasys-Desktop Metal Coverage

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