Nano Dimension Ltd. and Desktop Metal Inc., owned by AFS Corporate Member ExOne, have jointly announced Nano Dimension will acquire all outstanding shares of Desktop Metal in an all-cash transaction––Desktop Metal estimates that transaction expenses will be approximately $11 million.

“We’re excited to bring together our pioneering, complementary product portfolios that will further enhance our ability to serve our customers in high-growth industries with a more complete offering of digital manufacturing technologies for metal, electronics, casting, polymer, micro-polymer and ceramics applications,” said Ric Fulop, Desktop Metal’s co-founder and CEO. “We look forward to working with Nano Dimension to join two great companies and their devoted teams that can serve our stakeholders to the maximum extent possible.”

The companies said they expect the union to position them as a leader in 3D printing innovative solutions that drive the transition from prototyping to mainstream tooling and end-use part production. According to their press release, the combined company will be the first AM provider covering the full gamut of customer needs from prototyping to production across a range of critical and high-performance medical and electronics applications in industrial and high-performance materials.