The transaction price of 560 million US dollars, the new 3D printing industry giant Desktop Metal completed the acquisition of ExOne

On November 15, 2021, the Antarctic bear received an email notification,
Desktop Metal
, Inc. (NYSE: DM) (“Desktop Metal”) announced that after obtaining
ExOne
The acquisition of The ExOne Company (NASDAQ: XONE) (“ExOne”) has been successfully completed following the approval of a majority of shareholders.

Under the terms of the agreement, ExOne shareholders will receive $8.50 in cash and $16.43 in Desktop Metal common stock per share of ExOne common stock, for an aggregate purchase price of approximately $24.93 per share, based on the 20-day closing of Desktop Metal common stock on November 9, 2021 volume-weighted average price (VWAP), with a transaction value of $561.3 million, including ExOne cash and cash equivalents.

with in3D printingCompared with ExOne, an industry veteran who has been in the industry for more than 20 years, Desktop Metal is still a new recruit. For over 20 years, ExOne has been an industry leader in adhesive jetting technology3D printingA global leader in systems. Powder particles – whether metal, sand,
ceramics
or other material–3D printingarrive
mold
, cores, tools and end-use parts.from
aviation
aerospace
,
car
arrive
energy
and defense, companies across industries use ExOne 3D printingmachine.

However, Desktop Metal has developed rapidly and has received strong support from capital. With the support of capital, Desktop Metal has been listed on IPO and carried out large-scale acquisitions. Its current product brands include Adaptive 3D, Aerosint, Aidro, Desktop Health, EnvisionTEC and ExOne.
“This acquisition is a landmark moment for the additive manufacturing industry, creating an unparalleled combination that strengthens Desktop Metal’s ability to accelerate AM 2.0 adoption,” said Ric Fulop, founder and CEO of Desktop Metal. We are proud to welcome the excellent team at ExOne to Desktop Metal and move forward as a company focused on mass production of end parts through additive manufacturing. We have begun a careful integration process with the goal of Driven excess growth for the combined company during the year. We believe Desktop Metal is uniquely positioned to provide the broadest range of end applications, and we are excited about the opportunity to create value for our customers, partners, shareholders and employees.”

Desktop Metal and ExOne notified Nasdaq of the completion of the acquisition and requested that Nasdaq file a delisting notice with the Securities and Exchange Commission (“SEC”) on behalf of ExOne. Desktop Metal expects that the delisting of ExOne’s common stock from the Nasdaq Stock Exchange will take effect on November 12, 2021 at 5:30 p.m. ET.

ExOne will continue to operate as a wholly owned subsidiary of Desktop Metal and remains headquartered in North Huntington, Pennsylvania.

(responsible editor: admin)