Stratasys to Relocate US-Based Headquarters

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Have you ever wondered what it takes for a major company to move its headquarters? Stratasys, a leader in 3D printing, is about to make a significant relocation of its US-based headquarters from Eden Prairie, Minneapolis, to a new Minnetonka campus. This move isn’t just about changing locations; it’s about fostering collaboration, driving innovation, and creating a more dynamic workspace for their employees.

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Table of Contents

A New Home in Minnetonka

Stratasys is gearing up to transition its headquarters to a new campus in Minnetonka, set to open on January 6, 2025. Less than a 10-minute drive from their current headquarters, this new location is designed to be more than just a workspace. It aims to provide an environment that inspires creativity and enhances productivity.

Two Leased Buildings

The new corporate space will consist of two leased buildings on the current United Health Care campus site. This setup is expected to consolidate most of the Minnesota-based offices into one location. Think of it as creating a hub for innovative thinking and closer collaboration among different departments.

Enhanced Amenities and State-of-the-Art Technology

Part of what makes this move exciting are the enhanced amenities and the latest technology set to be incorporated into the new campus. From modern workspaces to cutting-edge laboratories, everything is thoughtfully designed to support a better working environment. Dr. Yoav Zeif, CEO of Stratasys, emphasizes that the move underscores their commitment to providing the resources employees need to innovate continuously.

The Driving Forces Behind the Move

Why is Stratasys making this move? Several factors contribute to this decision, aiming to bring about positive changes for the company and its workforce.

Closer Collaboration

One of the key benefits of the new campus is the facilitation of closer collaboration between research and development (R&D) and manufacturing. The Minnetonka site will bring corporate functions near the manufacturing processes, helping the company better meet the evolving needs of its stakeholders. This close proximity can lead to quicker solutions and smoother workflows, benefiting both the company and its clients.

Employee Well-being

Rich Garrity, Chief Industrial Business Officer at Stratasys, mentions that there is a lot of excitement among employees about consolidating the campuses. The new environment is designed with employee well-being in mind, offering spaces that promote teamwork and creativity. With thoughtfully planned amenities, the goal is to make the workplace a place where people want to be.

Real Estate Opportunities

Another significant point is the real estate landscape. The current environment offers opportunities that make this move financially viable. By listing the current Edenvale headquarters and its Wallace Road buildings for sale, Stratasys can capitalize on a favorable real estate market while moving to a more modern and dynamic space.

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The Historical Context

Understanding the history of Stratasys gives depth to this move. Founded in Eden Prairie in 1989 by Scott Crump, the company has a rich heritage in the region. This relocation is a noteworthy development in its long-standing relationship with Minnesota.

From Eden Prairie to Minnetonka

Despite the move, Stratasys is not abandoning Eden Prairie entirely. The company will maintain a presence there with its Stratasys Direct Manufacturing facility. This transition symbolizes a new chapter while honoring its roots in Minnesota.

Corporate Growth and Culture

Dr. Yoav Zeif highlights the company’s strong culture and 35-year heritage in the region. This growth-focused move aims to reinforce that foundation by enhancing the workplace environment and offering better resources for continuous innovation.

The Future Potential

Relocating headquarters is not just about the present; it’s about positioning for future success.

Market Adaptation

Being a leader in 3D printing, Stratasys needs to stay at the forefront of innovation. The new Minnetonka campus is a strategic move to adapt to market demands and technological advancements. The improved work environment is expected to attract top talent and foster an atmosphere conducive to groundbreaking work.

Stakeholder Commitment

The company’s stakeholders, from employees to clients, stand to benefit from this move. The closer alignment between R&D and manufacturing can lead to more efficient processes and better products, ultimately meeting stakeholder needs more effectively.

Long-term Vision

Finally, this move reflects Stratasys’s long-term vision. It’s a calculated step to ensure that the company remains innovative, competitive, and attractive to talented professionals for years to come.

Final Thoughts

Stratasys’s move to a new Minnetonka campus symbolizes more than a change in scenery. It reflects a strategic vision for future growth, enhanced collaboration, and a more dynamic work environment. As the date approaches, anticipation builds, and the company sets its sights on January 6, 2025, marking a new chapter in its storied history.

Curious about how this relocation will impact Stratasys’s future? Stay tuned as the company makes this monumental shift, promising exciting developments in the world of 3D printing. Whether you’re a stakeholder, an employee, or an industry watcher, this move is a significant milestone worth keeping an eye on.

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