Desktop Metal has entered into a definitive agreement to acquire 3D printing company ExOne for US$575 million.

According to Desktop, the acquisition will enable broader access to additive manufacturing (AM) for businesses of all sizes and help improve material quality.

‘We are thrilled to bring ExOne into the DM family to create the leading additive manufacturing portfolio for mass production,” said Ric Fulop, founder and CEO of Desktop Metal.

“We are excited to join forces with Desktop Metal to deliver a more sustainable future through our shared vision of additive manufacturing at high production volumes,” added John Hartner, CEO of ExOne.

This story uses material from Desktop Metal, with editorial changes made by Materials Today.