Xaar offloads stake in 3D business
Inkjet printing technology group Xaar has agreed to sell its remaining interest in Xaar 3D to joint partner Stratasys.
Print Monthly Consultant Editor
Tuesday, 07 Dec 2021 08:49 GMT
Xaar CEO John Mills says the company will now focus on its core business
Xaar said the business has continued to make progress this year, but product development delays due to the pandemic meant the division would potentially require more investment than originally planned, and as such it will step aside from the venture.
John Mills, chief executive of Xaar, says,: “This agreement will provide Xaar 3D with the best opportunity to continue its progress and leadership in the field of industrial 3D printing.
“We have enjoyed our partnership with Stratasys and look forward to continuing to work with them to supply printheads to Xaar 3D and share in the long-term success of the business.
“The agreement will also allow us to focus on our core business and other opportunities in the market that will support our long-term growth strategy.”
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