Desktop Metal Acquiring ExOne
Acquisition joins two additive manufacturing pioneers and complementary technology platforms to further accelerate adoption of additive manufacturing 2.0.
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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.
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