Desktop Metal Acquiring ExOne
Acquisition joins two additive manufacturing pioneers and complementary technology platforms to further accelerate adoption of additive manufacturing 2.0.
Share
Read Next
Desktop Metal’s Studio System 2
Desktop Metal and ExOne have entered into a definitive agreement for Desktop Metal to acquire all of the issued and outstanding shares of ExOne common stock.
“We are thrilled to bring ExOne into the DM family to create the leading additive manufacturing portfolio for mass production,” says Ric Fulop, Desktop Metal founder and CEO. “We believe this acquisition will provide customers with more choice as we leverage our complementary technologies and go-to-market efforts to drive continued growth. This transaction is a big step in delivering on our vision of accelerating the adoption of additive manufacturing 2.0.”
The acquisition brings together two additive manufacturing (AM) pioneers and complementary technology platforms to further accelerate the adoption of AM 2.0.
“We are excited to join forces with Desktop Metal to deliver a more sustainable future through our shared vision of additive manufacturing at high production volumes,” says John Hartner, ExOne CEO. “We believe our complementary platforms will better serve customers, accelerate adoption of green technologies and drive increased shareholder value. Most importantly, our technologies will help drive important innovations at meaningful production volumes that can improve the world.”
It is said that more and more businesses turning to AM expect solutions that address all of their requirements across speed, cost, resolution and part size. The acquisition of ExOne extends Desktop Metal’s product platforms with complementary solutions to create a comprehensive portfolio combining throughput, flexibility and materials breadth, while enabling customers to optimize production based on their specific application needs.
By combining ExOne’s direct sales force with Desktop Metal’s global distribution network of over 200 channel partners, the combined company will enable broader access to AM solutions for businesses of all sizes, while delivering increased materials innovation to provide customers with more choice and drive new application discovery.
Related Content
-
Looking to Secure the Supply Chain for Castings? Don't Overlook 3D Printed Sand Cores and Molds
Concerns about casting lead times and costs have many OEMs looking to 3D print parts directly in metal. But don’t overlook the advantages of 3D printed sand cores and molds applied for conventional metal casting, says Humtown leader.
-
Stratasys and Desktop Metal to Combine in Approximately $1.8 Billion All-Stock Transaction
Merger looks to deliver industrial polymer, metal, sand and ceramic solutions from design to mass production.
-
AM 101: What Is Binder Jetting? (Includes Video)
Binder jetting requires no support structures, is accurate and repeatable, and is said to eliminate dimensional distortion problems common in some high-heat 3D technologies. Here is a look at how binder jetting works and its benefits for additive manufacturing.
