Desktop Metal Acquires Adaptive3D
Desktop Metal, Inc. has acquired Adaptive3D, a leading provider of elastomeric solutions for additive manufacturing. Adaptive3D offers category-leading photopolymer elastomers. Its products enable volume end-use parts production via additive manufacturing of odorless, tough, strain-tolerant, tear-resistant, and biocompatible rubbers and rubber-like materials. The Company’s flagship resin is Elastic ToughRubber 90, a tough, printable elastomer for all seasons. Adaptive3D printable materials are optimized for high-throughput manufacturing of functional, complex 3D plastic and rubber parts in consumer, healthcare, industrial, transportation, and oil and gas markets. Adaptive3D’s core technology was developed through Defense Advanced Research Projects Agency (DARPA) funding, and the Company has received strategic capital from leading materials companies including Covestro, Arkema Group, West Pharmaceuticals, Applied Ventures, and Royal DSM.
“The acquisition of Adaptive3D advances Desktop Metal’s vertical integration strategy to grow our portfolio of materials and expand the high-volume applications supported by our polymer additive manufacturing solutions,” said Ric Fulop, founder and CEO of Desktop Metal. “Elastomers and rubber materials are a killer app for Additive Manufacturing 2.0 (AM 2.0). Adaptive3D has the best photoelastomer resins in the world. Combining Adaptive3D’s patented and superior elastomer materials with our printers, such as the Xtreme 8K, which lead the industry in throughput, affordability, and part quality, will accelerate the adoption of additively manufactured solutions for high-volume, end-use elastomeric parts and products.”
“We are thrilled to partner with Desktop Metal to enable additive manufacturing through our differentiated materials,” said Dr. Walter Voit, founder and CEO of Adaptive3D. “This acquisition extends our already strong partnership with EnvisionTEC, enabling us to accelerate our growth into the $129 billion1 elastomer and flexible foams market just waiting for high-volume, additive manufacturing elastomer capabilities.”
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