Deloitte Corporate Finance LLC ("DCF") is acting as financial advisor to California-based Solid Concepts Inc. ("Solid Concepts"), the largest independent additive manufacturing service bureau in North America, in its sale to Stratasys Ltd. (NASDAQ: SSYS) ("Stratasys"), a leading global provider of additive manufacturing solutions, for total consideration of up to $295 million. According to the announcement, the two companies have entered into a definitive agreement, and expect the transaction closing to occur early in the upcoming third quarter, subject to customary closing conditions.

"DCF's knowledge and experience added value throughout the process. Their commitment to Solid Concepts helped us to achieve our overall goals and objectives. DCF's global insight and experience with strategic transactions were vital to accomplishing the transaction," said Joe Allison, founder and president, Solid Concepts.

"Stratasys has recognized Solid Concepts' history of innovation and product quality and its market position as a leading provider of additive manufacturing and custom parts for use in demanding end-market industries," said Tracy Albert, managing director, Deloitte Corporate Finance LLC.

"Going forward we expect to continue to see an active M&A environment in the additive manufacturing sector as entrepreneur-owned businesses continue to attract the attention of larger organizations operating in the space, as well as those looking to enter the 3D printing industry," added Eric Andreozzi, managing director, Deloitte Corporate Finance LLC.

Solid Concepts Inc. provides custom manufacturing solutions via additive manufacturing, rapid prototyping, CNC machining, cast urethanes, injection molding and tooling. Since 1991, Solid Concepts has provided engineering expertise from multiple fields to bring success to new products in the aerospace, medical, consumer product industries and more. Solid Concepts capabilities in PolyJet, Stereolithography (SLA), Plastic and Metal Laser Sintering (SLS & DMLS), Fused Deposition Modeling (FDM), QuantumCast™ Cast Urethanes, CNC, Tooling, and Injection Molding allow for low to high volume production of plastics, urethanes, and metals directly from design data, resulting in significant time and cost savings. Solid Concepts holds ISO 9001 and AS9100 certifications.

Stratasys Ltd., headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of additive manufacturing solutions.