Binder jet 3D printing technology integration: Desktop Metal will acquire ExOne

Introduction:
Metal3D printingMachine manufacturer
Desktop Metal
Absolutely a master of capital operation, passed at the end of 2020
SPAC
Listed on the New York Stock Exchange. However, the shipment volume of DM on the market side is not very large.
Revenue
It is difficult to support its valuation. In January 2021, Desktop Metal, which holds US$600 million in cash, embarked on a journey of acquiring high-quality companies, acquiring German EnvisionTEC for a total consideration of US$300 million. Subsequently, in May, DM announced that it had successfully acquired Adaptive3D, a provider of additive manufacturing elastomer solutions.Now, DM will purchase German sand molds and metals for US$575 million.3D printingVeteran manufacturer
ExOne
.

On August 12, 2021, Desktop Metal (NYSE: DM) and ExOne (NASDAQ: XONE) announced that DM will acquire all common stocks of ExOne, becoming a leader in the field of metal adhesive spraying . In this transaction, ExOne’s shareholders will receive US$8.50 in cash and US$17.00 in DM stocks per share, which means they receive US$25.50 per share, and the total transaction amount is US$575 million (approximately 3.7 billion yuan).

According to the Antarctic Bear, in
Binder sprayed metal
3D printingIn the field, there are many companies, including Desktop Metal, 2D printing giant
HP
as well as
Digital Metal
. All this makes ExOne feel uneasy, ExOne company pioneered the metal adhesive spraying technology around 1998.

Previously, Desktop Metal launched the Studio system, which can squeeze low-cost metal parts in an office environment.
Markforged
The company’s Metal X system directly competes.Later, ExOne reached an agreement with Rapidia to provide its own office-friendly metal extrusion3D printingmachine.

Adhesive jetting technology is to reduce metal3D printingCost and increase output. Through the acquisition of ExOne, DM will gain decades of binder jetting experience, a range of materials and numerous customers.The newest customer is Ford, and Ford just announced the use of ExOne technology for
car
Final production of parts.

According to 2020 released by ExOne
Financial report
Shows that 53 sets will be sold in 20203D printingMachine revenue is 59.3 million U.S. dollars, and ExOne machine shipments from 2018 to 2020. In 2020, ExOne sold a total of 20 sand molding machines and 33 metal machines.

ExOne company will provide DM company with sand core and
Mould
Business to metal fittings
income
.Previously, DM companies had to prove billions
Market value
As a company that has only recently begun to put machines on the market, it will now have to justify capital expenditures.
Ric Fulop, founder and CEO of Desktop Metal, said: “We are very happy to bring ExOne into the DM family. We believe that this acquisition will provide customers with more choices because we use our complementary technology and market efforts to drive continued growth. . This transaction is a big step towards realizing the vision of Additive Manufacturing 2.0.”
John Hartner, CEO of ExOne, said: “We are very pleased to join forces with Desktop Metal to provide a more sustainable future through our shared vision of additive manufacturing for mass production. We believe that our complementary platforms will better Serving customers, accelerating the adoption of green technologies, and driving increased shareholder value. Most importantly, our technology will help drive important innovations in meaningful production volumes that can improve the world.”

Kent Rockwell, chairman of ExOne’s board of directors and its largest shareholder, has signed an agreement to vote for the transaction with his 4.2 million shares, which has been approved by ExOne’s board of directors. The transaction is expected to be completed in the fourth quarter of 2021.
Through a series of acquisitions after listing, DM company obviously wants to quickly become a3D printingGiants, now it seems to be getting closer and closer to this goal, then Desktop Metal will become3D printingThe field of apples?

(Editor in charge: admin)