A key merger between two market players
Keep in mind, EnvisonTec was created in 2002 and is an expert in photopolymerization. Today, it offers a wide range of machines as well as resins for industries such as dental, jewelry, bio-printing, manufacturing, and more. Desktop Metal arrived much later, at the end of 2015, and has since experienced a meteoric rise, raising several million dollars before going public. It created Bound Metal Deposition, an extrusion technology, and binder jetting, allowing for the printing of quality metal parts. Both players are present worldwide, with a large customer portfolio. It is therefore understandable that such a takeover would not go unnoticed by the market.
One of the factors that played a role in Desktop Metal’s decision was undoubtedly EnvisionTec’s expertise and credibility in the resin 3D printing market. This acquisition allows the American manufacturer to access this know-how. Lino3D teams told us, “As the inventor of DLP technology, EnvisionTEC has one of the strongest intellectual property portfolios in the photopolymer 3D printing market, with over 140 issued and pending patents, which Desktop Metal believes includes blocked intellectual property. “
In addition, Desktop Metal will be able to address markets with which they are less familiar, such as dentistry and jewelry, offering them its metal solutions as well. This way, companies will be able to truly benefit from all of additive manufacturing’s advantages. Finally, the US company is significantly expanding its global distribution network, increasing its geographic sales capabilities to 68 countries worldwide.