Court approves Anzu’s ExOne GmbH and ExOne KK acquisitions
A US court has approved the acquisition of ExOne GmbH (Germany) and ExOne KK (Japan) by a US-based affiliate of Anzu Partners. This follows the recent announcement of bankruptcy by ExOne parent Desktop Metal, which necessitated a restructuring of its business entities. With no appeals anticipated, the companies will begin the transaction.
Anzu plans to ensure continuity across operations, with ExOne customers and suppliers receiving consistent service and collaborations; all existing agreements and relationships will be upheld. Eric Bader will continue in his role as Managing Director for ExOne GmbH, and Ken Yokoyama will continue as Managing Director for ExOne KK.
“Since 1995, ExOne has been on a mission to deliver powerful industrial 3D printing solutions for castings and beyond – solutions that enable innovations,” stated Bader. “Our industrial binder jet sand 3D printers are the world’s most trusted systems that drive customer loyalty worldwide. We are excited to continue building on that foundation and driving the future of digital casting.”
Whitney Haring-Smith, Managing Partner at Anzu Partners, explained, “We recognise the strength of ExOne’s customer and supplier relationships. Our priority is to ensure stability, honour existing commitments, and continue building trusted partnerships as we move forward together.”
Anzu Partners is an investment firm that focuses on clean tech, industrial and life science technology companies. Anzu works with entrepreneurs to develop and commercialise technological developments by providing capital alongside its experience in business development, market positioning, global connectivity, and operations.
As of 2024, Anzu Partners managed assets of approximately $1 billion with a team of over fifty professionals in US offices across Atlanta, Georgia; Boston, Massachusetts; San Diego, California; Tampa, Florida; and Washington DC.
