Ric Fulop, the founder and CEO of Desktop Metal, said that the acquisition advances Desktop Metal’s strategy: through proprietary design and application expertise, combined with first-class3D printingProduction of products and high-value parts across AM 2.0 killer applications to support major OEM customers. Aidro’s team has decades of experience in hydraulics and fluid power systems and is keen to take advantage of3D printingProvide customers with performance advantages.
Aidro was established in 1982 and has nearly 40 years of experience in the design and production of valves, manifolds, and various hydraulic components and fluid power systems.It provides expertise in additive manufacturing design, including finite element analysis simulation and
Topology Optimization
technology. Using these technologies, Aidro redesigned hydraulic components with complex geometries to reduce weight, save space and integrate multiple components into one, eliminating assembly and welding requirements. Compared with traditional manufacturing, hydraulic components produced by AM can improve flow capacity by optimizing the flow channel arrangement and geometry, while reducing pressure drop and improving performance.
- In January, acquired German light curing3D printingMachine manufacturer EnvisionTEC
- In March, 600 million euros were offered to try to acquire German Metal3D printingVendor SLM
- In May, the acquisition of wood3D printingTechnology Company Forust
- In May, the acquisition3D printingElastomer manufacturer Adaptive3D
- In July, it acquired Beacon Bio and used the PhonoGraft technology of Harvard University to support human tympanic membrane function and morphological regeneration
- In July, acquired Aerosint, a Belgian manufacturer of digital process multi-material powder deposition systems
- In August, acquired German sand mold and metal3D printingVeteran manufacturer ExOne
Accompanying the aforementioned acquisition transaction,
DM in the first half of the year3D printingBusiness income of 30 million U.S. dollars, net loss of 100 million U.S. dollars
. As of June 30, 2021, DM stated that the company’s liquidity is in good condition, with cash, cash equivalents and short-term investments of US$514.5 million.At the same time, it reiterated the
income
Exceeded expectations of 100 million U.S. dollars. If the operating income of the acquired company is combined,
Revenue
The total will reach 160 million US dollars.Of course, this does not include acquisitions
ExOne
The revenue it brings.
Through this mutually beneficial transaction, Desktop Metal will be able to continue to add important design and production capabilities to its product portfolio, and help major original equipment manufacturers accelerate the application of additive manufacturing 2.0 to achieve demanding high-performance industrial applications. Due to the increase in metal product shipments and the contributions of consumables, photopolymer products and EnvisionTEC, DM is expected to achieve high revenue in the third quarter of 2021. In addition, after this latest acquisition, the financial situation of the next quarter will also be more interesting.
Looking closely at this series of acquisition cases, DM’s acquisition targets this time seem to be different from other companies. Aidro is a company that uses additive manufacturing to produce parts in an efficient way, not a previously acquired equipment manufacturer or material and process company. This acquisition makes Desktop Metal a user of Aidro technology, rather than a technology manufacturer like before. This may be a very good move for Desktop Metal, because it shortens the distance between technology and practical applications, and is expected to form vertical integration.
However, vertical integration usually involves product manufacturers, suppliers, and includes materials and technologies. This time, the application company was acquired through technology and in a reverse vertical integration manner. The advantage is that component manufacturers are stricter on the technology, which enables the technology to be used more frequently and innovatively.For example, in the future we may be able to see more advanced3D printingHydraulic components appear in Aidro products. More importantly, this acquisition may indicate that Desktop Metal is willing to acquire other product manufacturers in a similar manner. As a result, DM may be able to formulate a long-term strategy to use a series of industrial users around their technological core to promote revenue growth in a better way.
(Editor in charge: admin)
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