Höganäs is announcing the divestment of Digital Metal
The divestment is in line with Höganäs’ strategy to further focus and increase activities within the metal powder side of Additive manufacturing (AM). The divestment will strengthen Höganäs’ position for increased investments and acquisitions in the AM metal powder space.
As the world’s leading metal powder company, Höganäs’ ambition is to become the first producer of green metal powder and to inspire and set the benchmark within our industry. Hence Höganäs will continue to contribute to the further development of the industry's competitiveness by offering sustainable, innovative products in the market's broadest product portfolio.
“Höganäs has built a world-leading AM technology company within binder jetting and we are pleased to see that Digital Metal now will become a fully owned subsidiary of Markforged. This is a company well equipped to continue the development of Digital Metal and their quest to set a new benchmark in 3D metal printing,“ says Fredrik Emilson, CEO Höganäs.
The transaction is expected to be completed during Q3.
For further information, please contact:
Emma Lefdal, Vice President Marketing & Corporate Communications
Mobile +46 73 51 50 80, email: firstname.lastname@example.org