Desktop Metal finalises purchase of ExOne
November 12, 2021
Desktop Metal, Inc, Boston, Massachusetts, USA, has successfully completed its acquisition of The ExOne Company, North Huntingdon, Pennsylvania, following approval by a majority of ExOne’s shareholders.
This acquisition extends Desktop Metal’s product platforms with complementary solutions to create an AM portfolio that is now said to offer highet levels of throughput, flexibility, and materials breadth, providing customers with a variety of options to address their specific application. Desktop Metal has expressed its intention to support ExOne’s existing customers around the world. It also hopes to leverage as its global distribution network alongside ExOne’s direct sales force to provide businesses of all sizes with broader access to its AM 2.0 solutions and expanding materials library.
“This acquisition is a landmark moment for the Additive Manufacturing industry, and creates an unmatched portfolio that strengthens Desktop Metal’s ability to accelerate the adoption of AM 2.0,” stated Ric Fulop, founder and CEO of Desktop Metal. “We are proud to welcome ExOne’s talented team to Desktop Metal and to move forward as one company focused on the mass production of end-use parts through AM. We’ve begun the process of careful integration with the goal of driving outsized growth for the combined company in the years to come. We believe Desktop Metal is uniquely positioned to provide the widest range of end-use applications, and we are excited about the value creation opportunity for our customers, partners, shareholders, and employees.”
ExOne will continue to operate as a wholly owned subsidiary of Desktop Metal and will remain headquartered in North Huntingdon.