China3D printingNet September 14th, Desktop Metal (NYSE: DM), a leader in metal 3D printing headquartered in Massachusetts, went public on a SPAC transaction in December 2020, and has since announced a series of industry acquisitions, including EnvisionTEC, Resin Manufacturer Adaptive3D, multi-material AM startup Aerosint, and recent adhesive jet leader ExOne. Today, the 3D printing unicorn announced another industry acquisition, the acquisition of the Italian company Aidro, which designs and produces metal 3D printed components for next-generation hydraulic and fluid power systems.
“This acquisition advances Desktop Metal’s strategy of supporting the killer application of AM 2.0 through proprietary design and application of proprietary technology, as well as through the combination of first-class AM products and high-value parts production. Major OEM customers provide support. Aidro brings a talented team with decades of experience in hydraulics and fluid power systems, and is keen to use AM to provide customers with performance advantages,” said the founder and chief of Desktop Metal Executive Officer Ric Fulop said. “We are excited about this acquisition and look forward to advancing AM 2.0 to mass-produce hydraulics, valves, fluid power systems, and more end-use parts developed with Aidro.”
Aidro was founded in 1982 and has nearly 40 years of experience in designing and manufacturing manifolds, valves and other hydraulic components and fluid power systems. The family business believes that users in multiple industries such as aerospace, agricultural equipment, oil and gas, mobile and industrial machinery can benefit from the many advantages of additive manufacturing, including assembly integration, lightweight and performance improvements, and provide customers Provide DfAM expertise, such as topology optimization and finite element analysis (FEA) simulation.
“Additive manufacturing provides an unmatched advantage in traditional manufacturing. Once Aidro realizes the advantages of using AM, we will quickly allocate resources to develop expertise and take advantage of this opportunity. This cooperation is the next step in our AM development. Now, With Desktop Metal’s scale and industry-leading AM 2.0 technology portfolio, including its mass production-focused metal adhesive jetting solution, we are excited about Aidro’s growth potential,” said Valeria Tirelli, Aidro’s co-CEO and president Say.
The company redesigned the traditional hydraulic components to be 3D printed, eliminating assembly and welding requirements by using the complex geometries achievable with this technology to save space, reduce weight, and integrate multiple components into a whole. Although Aidro also uses more traditional manufacturing capabilities, it has invested in additive manufacturing processes and facilities to provide OEMs with more customized solutions to optimize geometry and flow channel arrangements to reduce pressure drop and increase hydraulics and fluids Power system components. Aidro has a dedicated AM department, which has passed ISO:9001 and AS/EN9100 certifications, including 3D scanning functions and metal 3D printers, so it can provide high-performance products to industrial sectors looking for large quantities of spare parts in a shorter time , End-use components and on-demand rapid prototyping.
“We are very happy to work with Desktop Metal. This partnership will allow us to continue to invest in the additive manufacturing of next-generation hydraulic solutions to disrupt large industries such as oil and gas and aerospace,” Aidro’s co-CEO Said Tommaso Tirelli, vice president of business development.
“With the collaboration and support of Desktop Metal, we will be able to elevate our additive manufacturing capabilities in hydraulics to a new level. We are ready to accept AM to develop innovative products for our customers and use mass production technology to achieve The affordable parts cost and high-performance design overcome the limitations of traditional manufacturing,” Aidro GM Alberto Tacconelli concluded.
Obviously, this is a mutually beneficial transaction, because Desktop Metal will be able to add important design and production capabilities to its growing product portfolio and help major original equipment manufacturers accelerate the adoption of Additive Manufacturing 2.0 to achieve demanding high performance Industrial applications. Due to increased shipments of metal products and contributions from consumables, photopolymer products and EnvisionTEC, the company achieved high revenue in the third quarter of 2021. After the latest acquisition, Desktop Metal’s financial situation will improve in the next quarter.
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