In the latest move to consolidate the additive manufacturing industry, Stratasys (SSYS 1.43%) announced Wednesday that privately held MakerBot has agreed to merge with one of its subsidiaries in a stock-for-stock transaction.

The terms
The deal, which effectively launches Stratasys firmly into the affordable 3-D printer market, stipulates Stratasys will initially issue around 4.76 million shares in exchange for 100% of the outstanding capital stock of MakerBot. Based on Stratasys' closing price of $84.60 per share Wednesday, that puts MakerBot's value at $403 million.

In addition, MakerBot stakeholders may also qualify for "performance-based earn-outs that provide for the issue of up to an additional 2.38 million shares through the end of 2014." If earned, the payments will be made at Stratasys' discretion in a combination of new shares or cash.

If this sounds familiar...
I suppose the news shouldn't come as a complete shock; back in February, I emphatically stated someone needed to buy MakerBot before the company's incredible growth made it impossible to do so.

Alas, while this does blast my recent prediction of an Amazon.com buyout to bits, I can at least take some solace that Amazon has since launched a dedicated 3-D printing section on its website to bolster the growing market.

(SPLS)

What's more, while I believed Stratasys' industrial-centric operations could benefit by adding MakerBot to the mix, I remained skeptical because I wondered whether Stratasys already had its hands full completing the integration of its massive 2012 merger with fellow industry leader Objet.

Problem solved
Fortunately, it seems the folks at Stratasys already had that one figured out, as Wednesday's press release states: "Stratasys intends for MakerBot to operate as a separate subsidiary, preserving its existing brand, management, as well as the spirit of collaboration it has built with its users and partners."

To be sure, that's a great thing when we remember MakerBot boasts an incredibly loyal following, having sold 22,000 3-D printers since its founding in 2009. Most impressive, however, is that number includes 11,000 of its affordable new Replicator 2 desktop models sold over the past nine months alone.

In addition, as fellow Fool Blake Bos pointed out recently, MakerBot has also done a fantastic job growing its enviable model library at Thingiverse.com into the single largest collection of downloadable digital designs for printing physical... uh... things. 

Foolish final thoughts
In the end, my hat's off to Stratasys for wrangling the deal, and I'm sure I'm not the only one who can't wait to see where the combined companies go from here. In the meantime, here's a peek at Stratasys' newest toy: