GrabCAD Has Been Acquired by Stratasys

GrabCAD Profile

  • GrabCAD provided a cloud-based platform which enabled product designers and engineers to collaborate and share product data
  • Workbench, GrabCAD’s web-based collaboration tool, enabled distributed design teams to share, view and manage CAD files and other design data
  • With over 1.5 million community members sharing over 2 million CAD files, GrabCAD was home to the largest professional community and content base for mechanical engineers
  • GrabCAD was headquartered in Boston and had 50 employees

Stratasys Profile

  • Stratasys Ltd. (Nasdaq:SSYS) is a leading global provider of 3D printing and additive manufacturing solutions
  • Stratasys’ solutions include 3D printing hardware and software for idea development, prototyping and direct digital manufacturing
  • Headquartered in Rehovot, Israel and Minneapolis, Stratasys has 26 regional offices, four manufacturing locations and employs more than 2,500 people

Transaction Notes

  • The acquisition of GrabCAD by Stratasys was announced on September 16, 2014; financial terms were not disclosed
  • The acquisition will enable Stratasys to provide its customers with enhanced collaboration tools and improved accessibility relating to 3D CAD content. The addition of GrabCAD Workbench provides Stratasys with an opportunity to drive communication and ease of use throughout the 3D printing process and grow its technology solutions and user communities
  • As part of the transaction, GrabCAD investors Matrix Partners, Charles River Ventures, Atlas Venture and NextView Ventures successfully exited the investment
  • "The addition of GrabCAD provides Stratasys with a leading cloud-based collaboration platform for engineering teams to manage, share and view CAD files.  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." – David Reis (CEO of Stratasys)
  • Shea & Company served as the exclusive financial advisor to GrabCAD and the company’s Board of Directors
has been acquired by
Shea & Company served as the exclusive financial advisor to GrabCAD's Board of Directors and management