By the Numbers
Desktop Metal (DM) has signed a definitive agreement to acquire EnvisionTEC—a leading provider of volume production photopolymer 3D printing solutions for end-use parts—for a total consideration of US$300 million. The transaction expands DM’s total addressable market to include the more developed market for production polymer Additive Manufacturing (AM) in addition to the broad array of verticals and applications that use area-wide 3D printing in mass production volumes. It also gives DM access to core Intellectual Property (IP) for the Digital Light Processing (DLP) AM technology family (e.g., Carbon, Origin), enhanced distribution and go-to-market capability, plus an entry into Robotic Additive Manufacturing (RAM).
EnvisionTEC, which will operate as a wholly owned subsidiary of DM, has been self-reliant with no outside capital since its founding in 2002. It counts more than 5,000 customers, including more than 1,000 in dental and others across medical (biofabrication, medical devices), professional (jewelry, entertainment, education), and industrial (automotive, aerospace, product…
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