India, May 27 -- Stratasys Ltd. (SSYS) said on Wednesday it agreed to acquire Markforged in an all-cash deal valued at $42.5 million, as the 3D printing firm looks to strengthen its position in defense and aerospace.
The acquisition will add Markforged's continuous carbon fiber technology and The Digital Forge software platform to Stratasys' portfolio.
Markforged's systems produce high-strength, lightweight parts used in aerospace, defense, automotive, and food and beverage industries.
"This acquisition further advances our capabilities to meet customers' growing needs in critical areas such as defense and aerospace," Chief Executive Yoav Zeif said.
Stratasys expects the deal to add to gross margins and be accretive to EBITDA within one...