Digital Metal, founded in 2003, offers a proprietary binder-jetting additive manufacturing (AM) technology.
“Markforged sees powder binder jetting as a highly scalable additive manufacturing technology for production grade parts using a variety of metal materials,” a press release said. “With this new offering, manufacturers have the opportunity to produce high volumes of functional metal parts with minimal setup required.”
“Infusing Digital Metal’s solution into The Digital Forge platform allows us to address new applications in the medical, automotive, luxury goods and other industries,” said Shai Terem, president and CEO of Markforged.
Plans are for Markforged to pay Höganäs around US$32 million in cash, 4.1 million shares of Markforged common stock and US$1.5 million in cash. The acquisition is expected to close during Q3 2022.
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