The definitive agreement between Markforged and Höganäs AB to acquire Digital Metal, the maker of a leading binder jetting solution renowned for accuracy and dependability, has been signed.
This acquisition will expand Markforged’s capabilities into high-throughput production of metal additive parts. Markforged is the developer of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge. After acquiring Teton Simulation Software in April, this is Markforged’s second acquisition of the year.
Höganäs will receive approximately USD 32 million in cash, 4.1 million shares of Markforged common stock, and roughly USD 1.5 million in cash to settle certain intercompany accounts as part of the deal (subject to certain adjustments). It’s anticipated that the acquisition of Digital Metal will be completed in the third quarter of 2022. (subject to customary conditions).
The acquisition of Digital Metal by advancing the business’s goal of providing on-demand manufacturing solutions for industrial clients. With the help of this innovative product, manufacturers may easily make large quantities of functioning metal parts. As we already know, traditional production frequently takes months from concept to manufacturing, includes supplier risk from third parties, and has subpar unit economics when ramping up production and producing in smaller volumes.
Powder binder jetting, which uses various metal materials, is viewed by Markforged as a highly scalable additive manufacturing process for production-grade products. Digital Metal’s solution delivers the highest level of precision, best-in-class part quality, and dependability.
Shai Terem, President and CEO of Markforged:
“Markforged is expanding our concept for distributed manufacturing with the purchase of Digital Metal by enabling the dependable, significant volume creation of accurate metal parts at the point of demand. We can now address new applications in the medical, automotive, luxury goods, and other industries thanks to the integration of Digital Metal’s solution into The Digital Forge platform. The team at Digital Metal has developed a reliable and scalable solution that enhances our current technology. I’m excited to welcome their great individuals to Markforged.
Christian Lönne, CEO of Digital Metal:
“The future of our technology felt like a logical fit for Markforged’s user-friendly platform, best-in-class software capabilities, and material expertise. We are convinced that we can develop our technology together and assist more businesses in producing the high-volume metal parts they require to operate in a highly productive and cost-effective manner thanks to Markforged’s experience and go-to-market scale.”
About Digital Metal:
Incorporated in 2003, Höganäs AB owns 100 percent of Digital Metal. Digital Metal printers, renowned for their high productivity, excellent surface quality, and exceptional resolution, have created hundreds of thousands of parts, including components for top consumer goods, academic, and automotive companies.
Through integrated software capabilities and a worldwide go-to-market engine, Markforged sees excellent opportunities to accelerate Digital Metal’s adoption further.
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