Trine Acquisition completed merger with Desktop Metal in a $2.5bn deal.

Trine Acquisition, a special purpose acquisition company led by Leo Hindery, Jr. and HPS Investment Partners, completed the merger with Desktop Metal, a provider of mass production and turnkey additive manufacturing solutions, in a $2.5bn deal. Desktop Metal shareholders including, Lux Capital, NEA, Kleiner Perkins, Ford Motor Company, GV and Koch Disruptive Technologies will retain their equity holdings through Desktop Metal’s transition into the publicly listed company. "After evaluating more than 100 companies, we identified Desktop Metal as the most unique and compelling opportunity, a company that we believe is primed to be the leader in a rapidly growing industry thanks to their substantial technology moat, deep customer relationships across diverse end-markets, and impressive, recurring unit economics. Ric has put together an exceptional team and board of directors with whom we are excited to partner to create the only publicly traded pure-play Additive Manufacturing 2.0 company," Leo Hindery, Jr., Trine Chairman and CEO.