PLM Group logo
  • +46 370 69 0952
  • Webshop
  • teamviewerTeamviewer
  • Support
  • Solutions
    • 3D & 2D Modeling
      • SOLIDWORKS 3D CAD
      • DraftSight
      • 3DEXPERIENCE SOLIDWORKS
      • 3D CAD Cloud
      • Technical communication
      • Design Automation
      • Electrical
      • Partner Products
    • 3DEXPERIENCE
      • 3DEXPERIENCE for Management
      • 3DEXPERIENCE for Engineering
      • 3DEXPERIENCE for Manufacturing
      • 3DEXPERIENCE for Procurement
      • 3DEXPERIENCE for Sales & Marketing
    • Data management
      • PDM – Product Data Management
      • Cloud Data Management
      • HostPLM – PDM Professional on Cloud
    • Virtual Testing
      • SOLIDWORKS Simulation
      • SOLIDWORKS Plastics
      • SOLIDWORKS Flow Simulation
    • Innovation Agreements
      • User Competence Agreement
      • User Experience Agreement
      • Consultancy Agreement
      • Administrator Agreement
      • Partner Agreement
    • Education & Start-ups
      • For Educators
      • For Students
      • For Researchers
      • For Incubators
      • For Start-ups
    • Services
      • Installations
      • Upgrades
      • Implementations
      • Integrations
      • Consultancy
  • Training
  • 3D printing
    • 3D Printers
      • HP
      • Markforged
      • 3D Systems
    • 3D Scanners
      • Peel 3D
      • Reverse engineering
      • Human scanning
      • Art preservation
      • Quality Control
    • Applications
      • 3D printing for jigs & fixtures
      • 3D printing for tooling
      • 3D printing for production & end-use parts
      • 3D printing for prototyping
      • 3D printing for spare parts
    • Software
      • Materialise
    • Post process
      • PostProcess Technologies
      • Dyemansion
      • AM-Flow solutions
  • Resources
    • Articles
    • Success Stories
    • Events and webinars
    • E-books and guides
  • Why PLM Group
    • Why us
    • Meet the team
    • About us
    • Careers
    • Contact us
    • Svenska
    • Dansk
    • Norsk
    • Suomi
    • Latviešu
    • Eesti

Markforged to buy Swedish 3D printing company Digital Metal

Mattias Kristiansson

Product Marketing Manager 3D Printing - Sweden

The PLM Group partner Markforged has entered into a definitive agreement with Swedish Höganäs AB to acquire Digital Metal, the creator of a leading metal binder jetting solution. The purchase extends Markforged’s capabilities into high-throughput production of highly detailed and precise metal additive parts.

The addition of Digital Metal furthers Markforged’s strategy to solve manufacturing challenges for industrial customers at the point of need. With this new offering, manufacturers have the opportunity to produce high volumes of functional metal parts with minimal setup required. Traditional production often requires months to move from design to manufacturing, introduces third party supplier risk, and provides poor unit economics during ramp up and in lower volumes.

Markforged sees powder binder jetting as a highly scalable additive manufacturing technology for production grade parts using a variety of metal materials. Digital Metal’s solution is designed to provide high-precision, best-in-class part quality and reliability. Powder binder jetting complements the existing Digital Forge offering, and will expand Markforged’s addressable market by solving new customer problems.

“With the Digital Metal acquisition, Markforged is advancing our vision for distributed manufacturing by enabling the reliable, high volume production of precise metal parts at the point of need. Infusing Digital Metal’s solution into The Digital Forge platform allows us to address new applications in the medical, automotive, luxury goods and other industries,” said Shai Terem, president and CEO of Markforged. “The Digital Metal team has created a robust and scalable solution that complements our existing technologies. I look forward to welcoming their talented people to Markforged.”

Founded in 2003, Digital Metal is a wholly-owned subsidiary of Höganäs AB and the creator of a proprietary binder jetting AM technology. Known for high productivity, excellent surface quality and superior resolution, Digital Metal printers have been used to produce hundreds of thousands of parts, including parts for leaders in consumer products, academia, and the automotive industry. Markforged sees significant opportunities to further accelerate Digital Metal adoption through integrated software capabilities and a global go-to-market engine.

“Markforged’s easy-to-use platform, best-in-class software capabilities and material expertise felt like a natural fit for the future of our technology,” said Christian Lönne, CEO of Digital Metal. “With Markforged’s experience and go-to-market scale, we are confident that we will be able to grow our technology together and help more manufacturers produce the high-volume metal parts they need to drive highly productive and cost efficient operations.”

As part of the transaction, Markforged will pay Höganäs 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, subject to certain adjustments. The acquisition of Digital Metal is expected to close during the third quarter of 2022, subject to customary conditions.

Posted in 3D Printing
Tagged 3d printing, acquisition, additive manufacturing, binder jetting, digital metal, hoganas, höganäs, Markforged

Related posts

Related Posts

Working in SIMULIA

Make your wishes come true with Issue Management

As I write this, Christmas is approaching fast and children all over the world are writing their wish lists to Santa Claus. What will they get this year? With Issue Management, we got a tool to gather...

Read More
Machine hall with HP 3d printers.

HP hits milestone with 170 million 3D printed parts

HP 3D printing has hit another milestone with their acclaimed Multi Jet Fusion 3D printing technology. Over 170 million parts have been 3D printed worldwide by users since the launch of their first 3D...

Read More

The 3 best features in SOLIDWORKS 2023

Summertime usually means beach, hot weather, and long nights. In the SOLIDWORKS community, we all know what it means: Beta version! While we wait for the actual release, I have been testing and exp...

Read More

About us

With our many years of experience we bring innovation to manufacturing companies from a wide range of industries in six countries. But where did it all begin?

Learn more

Get in touch

We understand investing in the future is a huge decision. We are happy to have a conversation with you about your goals and how we can help you reach them. Please contact us today, and we’ll guide you every step of the way towards success.

PLM Group logo
  • Find us
  • PLM Group
  • Axel Danielssons Väg 267
  • 215 82 Malmö
  • Phone +45 70 22 22 80
  • info@plmgroup.eu
  • Quick Links
  • Contact us
  • Support
  • Privacy and Cookies Policy
  • General Terms and Conditions
  • 3DP Terms and Conditions
  • E-books
  • LinkedIn
  • YouTube
  • Facebook
  • Instagram