Desktop Metal Makes $575 Million Acquisition of ExOne

Massachusetts manufacturer Desktop Metal, Inc., is acquiring The ExOne Company, a North Huntingdon, Pa. company that specializes in 3D printing technology, in a deal valued at $575 million.

"We are thrilled to bring ExOne into the DM family to create the leading additive manufacturing portfolio for mass production," said Ric Fulop, founder and CEO of Desktop Metal, in a statement. "This transaction is a big step in delivering on our vision of accelerating the adoption of additive manufacturing 2.0.

"We believe our complementary platforms will better serve customers, accelerate adoption of green technologies, and drive increased shareholder value," said John Hartner, CEO of ExOne, in a statement.

The deal, which has been unanimously approved by the ExOne’s board of directors, is expected to close in the fourth quarter of 2021, subject to the approval of ExOne shareholders and satisfaction of customary closing conditions.

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