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Desktop Metal has successfully completed the acquisition of ExOne, approved by a majority of ExOne’s shareholders. The transaction, valued at approximately $561.3 million, offers ExOne shareholders $8.50 in cash and $16.43 in Desktop Metal common stock per share, totaling about $24.93 per share. This acquisition enhances Desktop Metal’s leadership in additive manufacturing by expanding its product portfolio. ExOne will operate as a wholly owned subsidiary, maintaining its headquarters in North Huntingdon, Pennsylvania.
Desktop Metal has completed its acquisition of ExOne after gaining approval from ExOne’s shareholders. This strategic move enhances Desktop Metal's position in additive manufacturing, offering complementary solutions and a broader product portfolio. ExOne shareholders received approximately $24.93 per share, totaling about $561.3 million. Desktop Metal aims to leverage ExOne’s customer base, improving access to its AM 2.0 solutions. The company plans to fully integrate ExOne while continuing operations in North Huntingdon, Pennsylvania.
The ExOne Company (XONE) announced a significant purchase by the Schunk Group of an X1 25Pro large metal binder jetting system. This system will be installed in Thale, Germany, to produce sintered metal parts for the automotive, aerospace, and medical sectors, starting with 316L stainless steel. Schunk aims to integrate ExOne's technology into their manufacturing ecosystem, emphasizing the speed, design flexibility, and material options inherent in binder jetting. ExOne is recognized as a pioneer in this technology, having launched over 10 commercial systems.
The ExOne Company (NASDAQ: XONE) has announced the sale of two X1 160Pro metal 3D printers to the Pressburg Mint in Slovakia. These systems will enable the mint to produce numismatic and investment coins, including a series of high-relief silver coins. The first coin, featuring a crowned lion, will be showcased at Formnext 2021 in Frankfurt, Germany, from November 16-19. The investment marks a significant step in modernizing the minting process, integrating advanced 3D printing technology into a 2500-year-old tradition.
NORTH HUNTINGDON, Pa.--(BUSINESS WIRE)--The ExOne Company (Nasdaq: XONE) announced that its stockholders approved the acquisition by Desktop Metal, Inc. The deal is set to close within three business days, pending customary conditions. After completion, ExOne’s common stock will no longer be publicly listed, transitioning to a wholly owned subsidiary of Desktop Metal. ExOne, a leader in binder jetting 3D printing technology, will continue operations from North Huntingdon, Pennsylvania.
The ExOne Company (NASDAQ: XONE) has announced a partnership with Geneva-based Neoshapes SA, which has purchased the InnoventPro 3L for 3D printing luxury goods in precious metals. Following successful proof-of-concept tests for gold and silver, Neoshapes aims to scale up production next year. The collaboration is set to enhance the luxury goods and jewelry market, improving productivity and enabling rapid time-to-market for innovative designs.
The ExOne Company (NASDAQ: XONE) introduced the X1 Powder Grip, a 2-liter powder container designed for its new InnoventPro™ metal 3D printer. This innovative system enhances powder management by eliminating manual handling issues, such as scooping and dust clouds. The InnoventPro, premiering at Formnext 2021 in Frankfurt, Germany, combines user-friendly features with advanced technology for metal binder jetting. The X1 Powder Grip aims to facilitate efficient powder loading and reclamation, promoting sustainability in industrial production.
The ExOne Company (XONE) will unveil the InnoventPro 3L metal 3D printer at Formnext 2021 (Nov. 16-19, Frankfurt, Germany). This advanced entry-level model features a 125 x 220 x 100 mm build area, Triple ACT compaction technology, and new NanoFuse™ binders. Siemens is the first customer to order the InnoventPro for its Advanced Technology Collaboration Hub in North Carolina, where it will develop materials before scaling production on the X1 160Pro. The InnoventPro will be available to early-access customers in H1 2022, enhancing ExOne's manufacturing capabilities and technology integration.
ExOne (NASDAQ:XONE) announces its readiness to collaborate on developing various powder materials for 3D printing. The company's patented Triple Advanced Compaction Technology (ACT) allows for the effective binder jetting of a wide range of powders, including precious metals and recycled materials. ExOne has qualified over 20 materials for 3D printing and is fast-tracking the qualification of Titanium 6-4 for a global medical device partner, expected in early 2022. This flexibility enhances ExOne's position in the 3D printing sector, solving complex design challenges.
SSI Sintered Specialties has acquired ExOne's X1 160Pro™ and InnoventPro® 3L metal 3D printers. This partnership aims to enhance the technology for metal production. The X1 160Pro, known for its large build area, will focus on high-volume production, while the InnoventPro will assist in material development. Delivery is expected in early 2022 to their facility in Janesville, Wisconsin. This investment reflects SSI's strategy to integrate advanced additive manufacturing into their operations, which boast over 40 years of powder metallurgy experience.
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