Stratasys Moves Deeper Into China with New Acquisition of CAD/CAM Firm
Staff posted on February 12, 2015 |
Stratasys has moved to strengthen its hand in China, acquiring a large CAD/CAM Firm.

3D printing, china, businessStratasys AP has announced the closing of an asset purchase transaction with its local channel partner -- Intelligent CAD/CAM Technology Ltd (ICT), for the purchase of certain assets, targeted at deepening footprint in China to gain better insights into the increasing local market demand.

This transaction reaffirms Stratasys' commitment to the Chinese market and aligns with its overall business growth strategy in the region.  Working closely with its local channel partners, Stratasys China will continue to offer the complete suite of Stratasys 3D printing solutions and service the existing installed base of its former partner ICT.  ICT will continue to cooperate with Stratasys on 3D printing related opportunities in the future.

"China is an important market for Stratasys and vital to our success in the region," said Jonathan Jaglom, General Manager of Stratasys Asia Pacific and Japan. "We notice that the adoption of 3D printing applications in many vertical markets is rising with the growth of leading innovative enterprises in China. We believe that our expanded local team lays a strong foundation to support these demands, enhancing responsiveness and operational efficiency.  As an industry leader, we continue to strive for technology and service excellence through the offering of cutting-edge 3D printing solutions and high level of customer service satisfaction."

Stratasys China, together with its well established channel network, will continue to focus on key verticals including automotive, education, dental, consumer electronics, consumer goods, medical & medical equipment and industrial machinery.

Source: Stratasys

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