Stratasys (SSYS -0.3%) is buying Solid Concepts, the biggest additive manufacturing service bureau in North America, for $295M in cash ($172M up-front). The company is also acquiring Harvest Technologies, an additive manufacturing services firm with 80 employees, for an undisclosed sum.
Stratasys notes Solid Concepts is already a partner for the company's RedEye printing service business. The company has six U.S. facilities and 450 employees, and produced 2013 revenue of $65M.
The deals are expected to be accretive to Stratasys' EPS within the first 12 months of closing. Rival 3D Systems has already bought a number of 3D printing services firms.
Stratasys' services revenue rose 96% Y/Y in 2013 to $69.6M, and equaled 14% of total revenue.