Stratasys buys GrabCAD

Leading 3D printing company Stratasys has acquired GrabCAD Inc, which has developed GrabCAD Workbench, a cloud-based collaboration tool that enables engineers and designers to share, view and manage CAD files and other design data. Stratasys has said that this will provide its customers with enhanced collaboration tools and improved accessibility relating to 3D CAD content.

David Reis, Stratasys Chief Executive Officer, explained: “By increasing the collaboration and accessibility of 3D CAD files, we believe we can further accelerate the adoption of 3D printing solutions and Stratasys’ product offerings.

GrabCAD is also home to a community of more than 1.5 million members from around the world who can access a large public CAD file library as well as connect with other engineers. GrabCAD will operate as a unit within the Stratasys Global Products and Technology Group. Hardi Meybaum, Co-founder and Chief Executive Officer of GrabCAD, will continue to lead GrabCAD within the group.

Stratasys bought GrabCAD, which was founded in 2010, for an undisclosed cash sum, with the deal expected to close by the end of this month.

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