Desktop Metal has announced it is to acquire ExOne, a leader in binder jet 3D printing technology.
With expertise in metals, ceramics, composites and sand and using its technology to build precision parts, metalcasting moulds, cores, and tooling solutions, the move for ExOne is valued at $575 million.
“We are thrilled to bring ExOne into the Desktop Metal family to create the leading additive manufacturing portfolio for mass production,” said Desktop Metal CEO Ric Fulop.
“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.”
Desktop Metal has been in the headlines regularly since going public via SPAC at the end of 2020, a move which opened the doors to acquisitions including the $300M purchase of polymer 3D printing vendors Envisiontec.
ExOne CEO John Hartner, said: “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.
“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.”
2020 saw ExOne build out its product offering, adding nanoparticle technology to its bider jetting, as well as a raft of 15 new materials, including M2 Tool Steel, Silicon carbide, Aluminium and Inconel 718 – all with serious functional properties.