Acquisitions, Mergers & PartnershipsAM IndustryMetal Additive Manufacturing

Markforged completes acquisition of Digital Metal

The second of the company's acquisitions this year extends Markforged’s capabilities into the mass production of metal parts

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

In July, earlier this year, news broke that Markforged was set to acquire Digital Metal. This was to be the second acquisition this year for Markforged, after the company bought Teton Simulation Software, back in April, and whose technology was integrated into Markforged’s Eiger 3D printing software.

Markforged, the creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, has now successfully completed the acquisition of Digital Metal, the creator of a precise and reliable binder jetting solution – extending the company’s capabilities into high-throughput production of metal additive parts.

Markforged completes acquisition of Digital Metal. Extending Markforged’s capabilities into the mass production of metal parts.
Markforged’s headquarters in Watertown, Massachusetts, USA

Digital Metal’s solution is designed to provide high-precision, best-in-class part quality, and reliability. The company’s powder binder jetting capabilities for production-grade parts enable manufacturers to produce high volumes of functional metal parts with a variety of metal materials, with minimal setup required. Digital Metal printers have produced hundreds of thousands of parts for leaders in consumer products, automotive, academia, and other industries.

Markforged acquired Digital Metal from Höganäs AB for approximately $32 million in cash, approximately 4.1 million shares of Markforged common stock, and approximately $1.5 million in cash to settle certain intercompany balances. Digital Metal, and its team of professionals, will continue to operate under the Digital Metal brand, as a subsidiary of Markforged.

Markforged completes acquisition of Digital Metal. Extending Markforged’s capabilities into the mass production of metal parts.
Digital Metal’s DMP PRO

“We are excited to successfully complete the acquisition of Digital Metal, and officially welcome its team to Markforged,” said Shai Terem, President and CEO of Markforged. “Together, we will continue advancing our vision for distributed manufacturing by bringing the high volume production of precise metal parts directly to the point of need. By integrating Markforged’s software capabilities and global go-to-market engine with Digital Metal’s precise and reliable binder jetting solution, we expect to unlock significant opportunities to further accelerate Digital Metal adoption into our existing and future customers.”

Polymer AM Market Opportunities and Trends

741 unique polymer AM companies individually surveyed and studied. Core polymer AM market generated $4.6 billion in 2021. Market expected to grow to over $34 billion by 2030 at 24.8% CAGR. This new...

Edward Wakefield

Edward is a freelance writer and additive manufacturing enthusiast looking to make AM more accessible and understandable.

Related Articles

Back to top button

We use cookies to give you the best online experience and for ads personalisation. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services