Stratasys Ltd., an Industrial 3D printer maker, will acquire MakerBot, a privately held consumer printer maker. The stock deal is currently valued at around US$403 million its product portfolio.

In a statement, Stratasys said that it will initially issue around 4.76 million shares in exchange for the current capital stock of MakerBot.

Through the end of 2014, MakerBot stakeholders will also qualify for performance-based-earn-outs that provide for the issue of up to an added 2.38 million shares.

On Wednesday, Stratasys shares increased to 1 percent closing at US$84.60 on the Nasdaq.

In 2009, MakerBot sold 22,000 3D printers since its establishment. It is also seen as the leader and pioneer in the 3D printing space.

MakerBot will operate separately with its own branding and marketing. This is a part of the agreement and will provide affordable 3D printing market for Stratasys. The deal is said to take place after regulators' approval by the third quarter of this year.