Stratasys recently announced it completed its acquisition of Covestro’s additive manufacturing materials business.

The acquisition, which was immediately accretive, includes research and development facilities and activities, global development and sales team in Europe, the U.S. and Asia. It also includes a portfolio of approximately 60 additive manufacturing materials and an IP portfolio with hundreds of patents and patents pending.

Stratasys’s acquisition will help the company address new applications in key technology categories such as stereolithography, P3/DLP, and powder bed fusion, including SAF technology. It will complement Stratasys’ existing deep materials expertise for PolyJet and FDM technologies.

“Today marks a significant milestone for us as we solidify our leadership in the polymer additive manufacturing industry,” Stratasys CEO Dr. Yoav Zeif said in a news release. “With this acquisition, we’re not just expanding our materials portfolio for our broad array of 3D printing technologies – we’re also paving the way for more new innovations. Additionally, our growing team of in-house materials experts will be in a stronger position to collaborate with our materials ecosystem partners. Together, we’ll be able to address more applications faster, pushing the boundaries of what’s possible in additive manufacturing.”

All of the materials in the acquisition are available through Stratasys and its global partners under the Somos and Addigy brands.

“A new material can be as transformative to a market as a new 3D printer,” said Hugo da Silva, VP of strategy, M&A and venturing at Stratasys. “Whether it’s flame, heat and smoke resistant materials for aerospace, new biocompatible materials for medical applications, or resilient materials with ESD properties for electric vehicles, we know that the more we bring new materials innovations to market as part of use case solutions, the more we can transform how everything is manufactured around the world.”