Schaeffler AG acquired Aerosint from Desktop Metal, Inc. (NYSE:DM) for $4.1 million.
October 25, 2023
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Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM) on September 29, 2023. The startup will be renamed Schaeffler Aerosint SA and integrated into the Schaeffler Group as an additional location for Schaeffler Special Machinery, the Schaeffler Groups special machine construction unit. Desktop Metal will continue to work with Schaeffler on developing the technology for binder jet 3D printing, where Desktop Metal retains an option for commercial use.
Schaeffler AG (XTRA:SHA) completed the acquisition of Aerosint from Desktop Metal, Inc. (NYSE:DM) for $4.1 million on September 29, 2023. The total consideration was $4.1 million all in cash selling price, net of cost of sell.
Desktop Metal, Inc. offers additive manufacturing technologies focused on the production of end-use parts. The Company offers a comprehensive portfolio of integrated additive manufacturing solutions comprised of hardware, software, materials, and services with support for metals, polymers, elastomers, ceramics, sands, composites, and biocompatible materials. Its solutions span across the product life cycle, from product development to mass production and aftermarket operations, and address an array of industries, including automotive, healthcare and dental, consumer products, heavy industry, aerospace, machine design and research and development. Its binder jet metal additive manufacturing platforms include P-Series, the Shop System, and the X-Series. Its photopolymer additive manufacturing systems include The Einstein Series, ETEC Xtreme 8K platform and ETEC Pro XL. Its digital casting additive manufacturing systems comprise its S-Series platform, which include S-Max and S-Max Pro.
DESKTOP METAL, INC. 
