Ultimaker, a portfolio company of NPM Capital, has merged with MakerBot, a subsidiary of Statasys


Established in 2011, Ultimaker is on a mission to accelerate the world’s transformation to flexible, empowering and sustainable solutions. Ultimaker provides a seamless integration of hardware, software and materials that simply works. 380 employees deliver a platform that enables customers to take full advantage of the unique Ultimaker ecosystem comprising the largest diversity of 3D printing products and services in the industry.

The Deal

Ultimaker and MakerBot, two leaders in desktop 3D printing have come to a business combination agreement that will accelerate the adoption of additive manufacturing by providing a comprehensive desktop 3D printing ecosystem of hardware, software and materials. The new entity will be backed by existing investors, NPM Capital and Stratasys, and it will benefit from a planned cash investment to fuel innovation and expansion into new markets.

The transaction underlines the firm’s ability to execute capital raises in the technology, media and telecom (TMT) sector and its deep insights in the 3D printing industry. Lincoln International executed the transaction through its close-knit cross-border team, combining highly relevant TMT sector expertise with local execution power.

Our Perspective

Lincoln is proud to have supported Ultimaker and its shareholders in this complex, landmark transaction in the global desktop 3D printing market. This transaction provides the newly formed company UltiMaker the required scale to further invest in engineering-grade, easy-to-use but still affordable 3D printers. That will drive significant value for customers in professional, educational and light-industrial applications.

NPM Capital

NPM Capital is a leading investment company focusing on long-term investments in the Benelux market. Founded in 1948, NPM Capital has a history of providing growth capital to entrepreneurial companies that goes back almost 70 years. NPM Capital is part of the family owned multinational SHV. SHV has a total turnover of more than €20 billion with more than 57,000 employees.


MakerBot is a global leader in the desktop 3D printing industry. MakerBot empowers the engineers of today and tomorrow with its powerful additive manufacturing ecosystem. The company strives to redefine the standards for 3D printing for safety and emissions, reliability, accessibility, precision and ease-of-use. Through this dedication, MakerBot has a large install base, manages Thingiverse—the largest 3D printing community in the world—and has members on the UL 2904 standards committee to ensure it is on the cutting edge of emissions regulations.


Stratasys (Nasdaq: SSYS) is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem and parts on demand, Stratasys’ solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains and improve patient care.

UltiMaker NPM Capital MakerBot Stratasys 2022 Connect with a Senior Team Member

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