Desktop Metal has acquired Aidro, an additive manufacturing company based in Taino, Italy that focuses on volume production hydraulic and fluid power systems for oil and gas, agricultural equipment, aerospace, mobile and industrial machinery.
The acquisition is one in a string of companies added to Desktop Metal’s portfolio since going public last August. Since January, Desktop Metal has acquired EnvisionTEC, Adaptive3D, Aerosint and ExOne.
Based in Boston, Desktop Metal has distribution in more than 60 countries across a spectrum of industries, including automotive, consumer products, industrial automation, medical devices, and aerospace and defense.
“This acquisition advances Desktop Metal’s strategy to support our major OEM customers with proprietary design and application know-how as well as through a combination of best-in-class AM products and high-value parts production across killer applications for AM 2.0,” said Ric Fulop, founder and CEO of Desktop Metal.