Desktop Metal Acquires EnvisionTEC for $300M
January 15, 2021
Desktop Metal agreed to acquire EnvisionTEC for $300 million in cash and stock, expanding Desktop Metal’s product portfolio into volume-production photopolymer additive manufacturing. EnvisionTEC will operate as a wholly owned subsidiary with founder Al Siblani continuing as CEO, strengthening Desktop Metal’s capabilities and go-to-market reach in dental, medical, jewelry and industrial end markets.
- Buyers
- Desktop Metal, Inc.
- Targets
- EnvisionTEC
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
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