Desktop Metal, a leader in 3D printing, has announced plans to acquire ExOne, the pioneer in Binder Jet 3D printing technology.
Desktop Metal, which went public last year, is known for building affordable 3D printers for small engineering teams as well as for high volume manufacturing.
ExOne, on the other hand, focuses exclusively on industrial 3D printing and has an impressive portfolio of companies from different industries such as aerospace, automotive, medical and defense.
According to TechCrunch, Desktop Metal has been actively looking for companies to add to its 3D printing portfolio, and the ExOne acquisition will be a shot in the arm.
In a press release, Desktop Metal argues that companies are increasingly looking for 3D printing providers to innovate to solve the challenges of speed, cost, resolution and part size.
With this acquisition, Desktop Metal hopes to be able to spawn new 3D printing solutions that work with all types of materials and are accessible to businesses of all sizes.
“We believe this acquisition will give customers more choice as we leverage our complementary technologies and go-to-market efforts to drive further growth. This transaction is a huge step towards realizing our vision of accelerating the adoption of Additive Manufacturing 2.0, ”said Ric Fulop, Founder and CEO of Desktop Metal.