Desktop Metal, a Burlington, Massachusetts-based 3D printing solutions company, has acquired the Dear. born based 3D printing manufacturer EnvisionTEC for $300 million. With this acquisition, EnvisionTEC will operate as a wholly owned subsidiary of Desktop Metal.
EnvisionTEC founder and CEO Al Siblani will continue to serve as CEO of his Dearborn-based business. “Bringing the two companies together will deliver a global footprint of customers that can cross benefit from our combined technology platforms,” Siblani said. “I believe we have many opportunities to scale the business, disrupt traditional manufacturing, expand our customer base and create value for our shareholders. “I am excited and honored to partner with Ric and the Desktop Metal team to deliver end-use parts in both metal and polymers as we implement Ric’s vision on the future of Additive Manufacturing 2.0,” Siblani added.
“Together, Desktop Metal and EnvisionTEC have an opportunity to shape the future of Additive Manufacturing 2.0 and transform how parts are made […]
Above: PepsiCo food, snack, and beverage product line-up/Source: PepsiCo PepsiCo turned to tooling with 3D printing...