{"id":192567,"date":"2022-07-12T00:00:00","date_gmt":"2022-07-12T00:00:00","guid":{"rendered":"https:\/\/facfox.com\/news\/markforged-to-acquire-digital-metal-am-industry\/"},"modified":"2022-07-12T00:00:00","modified_gmt":"2022-07-12T00:00:00","slug":"markforged-to-acquire-digital-metal-am-industry","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/markforged-to-acquire-digital-metal-am-industry\/","title":{"rendered":"Markforged to acquire Digital Metal AM Industry"},"content":{"rendered":"

Markforged, the creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, has entered into a definitive agreement with H\u00f6gan\u00e4s AB to acquire Digital Metal, the creator of a leading binder jetting solution known for precision and reliability \u2013 extending Markforged\u2019s capabilities into high-throughput production of metal additive part<\/a>s. This acquisition is Markforged\u2019s second this year \u2013 after buying Teton Simulation Software back in April.<\/p>\n

The acquisition of competing and complementary companies is a growing trend within the world of 3D printing<\/a>. Back in November last year, Desktop Metal successfully completed its acquisition of ExOne \u2013 with a total transactional value of $561.3 million. The move is highly significant in many respects. One is the parallel with the Desktop Metal group\u2019s evolution: both companies offered commercial metal filament deposition and were looking to move more heavily into the production metal binder jetting market. Desktop Metal had already begun to develop its own technology in house before acquiring ExOne to extend capabilities, while Markforged is now leveraging Digital Metal\u2019s established, high-precision metal binder jetting process to enter this segment.<\/p>\n

This move also further confirms that, after several years of anticipation, metal binder jetting is now ready to enter the commercial production space, with other interested part<\/a>ies, HP and GE Additive, ready to launch their own technologies.<\/p>\n

Digital Metal\u2019s DMP PRO <\/p>\n

Markforged\u2019s decision to acquire Digital Metal furthers the company\u2019s strategy to solve manufacturing challenges for industrial customers, at the point of need. With this new offering, manufacturers have the opportunity to produce high volumes of functional metal part<\/a>s with minimal required setup. As we already know \u2013 traditional production often requires months to move from design to manufacturing, introduces third-part<\/a>y supplier risk, and offers poor unit economics when ramping up production, and when producing in lower volumes.<\/p>\n

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Markforged sees powder binder jetting as a highly scalable additive manufacturing technology for production-grade part<\/a>s, using a variety of metal materials. Digital Metal\u2019s solution is designed to provide high-precision, best-in-class, part<\/a> quality, and reliability. Powder binder jetting complements the existing Digital Forge offering and will expand Markforged\u2019s addressable market by solving new customer problems.<\/p>\n

Markforged printing farm <\/p>\n

\u201cWith the Digital Metal acquisition, Markforged is advancing our vision for distributed manufacturing by enabling the reliable, high volume production of precise metal part<\/a>s at the point of need. Infusing Digital Metal\u2019s solution into The Digital Forge platform allows us to address new application<\/a>s in the medical<\/a>, automotive<\/a>, luxury goods, and other industries,\u201d said Shai Terem, President, and CEO of Markforged. \u201cThe Digital Metal team has created a robust, and scalable, solution that complements our existing technologies. I look forward to welcoming their talented people to Markforged.\u201d<\/p>\n

Digital Metal, founded in 2003, is a wholly-owned subsidiary of H\u00f6gan\u00e4s AB. Known for high productivity, excellent surface quality, and superior resolution \u2013 Digital Metal printers have been used to produce hundreds of thousands of part<\/a>s, including part<\/a>s for leaders in consumer<\/a> products, academia, and the automotive<\/a> industry. Markforged sees significant opportunities to further accelerate Digital Metal\u2019s adoption through integrated software capabilities and a global go-to-market engine.<\/p>\n

Markforged\u2019s headquart<\/a>ers in Watertown, Massachusetts, USA <\/p>\n

\u201cMarkforged\u2019s easy-to-use platform, best-in-class software capabilities, and material expertise felt like a natural fit for the future of our technology,\u201d said Christian L\u00f6nne, CEO of Digital Metal. \u201cWith Markforged\u2019s experience and go-to-market scale, we are confident that we will be able to grow our technology together and help more manufacturers produce the high-volume metal part<\/a>s they need to drive highly productive and cost-efficient operations.\u201d<\/p>\n

As part<\/a> of the transaction, Markforged will pay H\u00f6gan\u00e4s approximately $32 million in cash, approximately 4.1 million shares of Markforged common stock, and approximately $1.5 million in cash to settle certain intercompany balances (subject to certain adjustments). The acquisition of Digital Metal is expected to close during the third quart<\/a>er of 2022 (subject to customary conditions).<\/p>\n

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You might also like:<\/h5>\n

Desktop Metal and SolidCAM expand to four new countries: <\/a>Additionally, new CNC + AM \u2018Center of Excellence\u2019 showrooms are currently being completed in Pennsylvania, Germany, and the UK, to demonstrate how Desktop Metal\u2019s AM 2.0 printing solutions complement traditional subtractive machining technology and workflows. Additional facilities are also slated for completion in California, Israel, and India.<\/p><\/blockquote>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: Edward Wakefield<\/p>\n","protected":false},"excerpt":{"rendered":"

Markforged, the creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, has entered into a definitive agreement with H\u00f6gan\u00e4s AB to acquire Digital Metal, the creator of a leading binder jetting solution known for precision and reliability \u2013 extending Markforged\u2019s capabilities into high-throughput production of metal additive parts. This acquisition is Markforged\u2019s second this year \u2013 after buying Teton Simulation Software back in April.<\/p>\n","protected":false},"author":3,"featured_media":192569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"\/news\/wp-content\/uploads\/2023\/05\/2800076176443641723.jpg","fifu_image_alt":"","footnotes":""},"categories":[285],"tags":[4046,5018],"class_list":["post-192567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-acquisitions","tag-mergers-partnershipsadditive-manufacturingam-industrymetal-additive-manufacturing"],"yoast_head":"\nMarkforged to acquire Digital Metal AM Industry - FacFox News<\/title>\n<meta name=\"description\" content=\"Markforged, the creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, has entered into a definitive agreement with H\u00f6gan\u00e4s AB to acquire Digital Metal, the creator of a leading binder jetting solution known for precision and reliability \u2013 extending Markforged\u2019s capabilities into high-throughput production of metal additive parts. 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