Sunday, February 28, 2021

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Desktop Metal: Buys EnvisionTEC, for $300M

  • Desktop Metal, Inc. (NYSE: DM), a Burlington, Massachusetts-based provider of mass production and additive manufacturing solutions, is to acquire EnvisionTEC
  • Then the transaction is expected to close in the first quarter of 2021, subject to customary closing conditions
  • Following the completion of the acquisition, EnvisionTEC will operate as a wholly-owned subsidiary of Desktop Metal
  • EnvisionTEC has one of the strongest intellectual property portfolios in the area-wide photopolymer 3D printing market, counting over 140 issued and pending patent
  • Today, the company has over 5,000 customers across a broad range of industries, including medical devices, jewelry, automotive, aerospace, and biofabrication
  • In addition, the company is a leader in the dental market. Key customers include Cartier, Celgene, Ford, Hasbro, Oral Arts, Stuller, and Smile Direct Club

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