Desktop Metallic is buying industrial 3D printing firm ExOne – TechCrunch

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As a part of its earnings name this week, Desktop Metallic introduced plans to accumulate ExOne. The Pennsylvania-based agency creates quite a lot of completely different industrial 3D printers for industries like aerospace, automotive, medical and protection. Extra lately, we wrote concerning the firm’s transportable 3D printing factories, that are successfully cellular additive manufacturing stations constructed within delivery containers.

We wrote about ExOne again in February, when the corporate was granted $1.6 million from the DoD, in hopes of taking the programs out into the sector. Every unit accommodates a 3D scanning station with laptop and quite a lot of completely different ruggedized industrial machines, together with a metallic and ceramic printer, curing oven, fiber-reinforced plastic printer and a compression modeling station.

“During the last two years, we’ve actually centered on offering our know-how into government-type purposes: DoD, NASA, DoE,” ExOne’s CEO John Hartner instructed TechCrunch when that information broke. “Generally individuals discuss disrupting the provision chain and getting decentralized manufacturing. That is decentralized and forward-deployed, if you’ll. Be it an emergency, humanitarian mission or frontlines for a struggle fighter.”

At this time’s transaction, which is valued at $575 million, finds Desktop Metallic buying all of ExOne’s frequent inventory.

“We’re thrilled to carry ExOne into the DM household to create the main additive manufacturing portfolio for mass manufacturing,” Desktop Metallic CEO Ric Fulop stated in a launch. “We imagine this acquisition will present clients with extra selection as we leverage our complementary applied sciences and go-to-market efforts to drive continued development. This transaction is an enormous step in delivering on our imaginative and prescient of accelerating the adoption of additive manufacturing 2.0.”

Desktop Metallic has been actively pursuing acquisitions to develop out its 3D printing portfolio because it introduced plans to go public through SPAC final August. In January, it acquired EnvisionTEC for $300 million.

“We’re excited to affix forces with Desktop Metallic to ship a extra sustainable future by means of our shared imaginative and prescient of additive manufacturing at excessive manufacturing volumes,” Hartner stated of at this time’s announcement. “We imagine our complementary platforms will higher serve clients, speed up adoption of inexperienced applied sciences, and drive elevated shareholder worth. Most significantly, our applied sciences will assist drive necessary improvements at significant manufacturing volumes that may enhance the world.”

 

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