ExOne Acquired by Anzu Partners Affiliate, Court Approval Secured

Deal News | Jul 31, 2025 | Anzu Partners LLC

An affiliate of Anzu Partners, a US-based industrial technology investor, has received judicial consent to acquire ExOne GmbH and ExOne KK, fortifying the latter's stability in its operational landscape. ExOne, recognized for its preeminence in digital sand casting, will retain its existing management structure with Eric Bader and Ken Yokoyama continuing in their roles at ExOne GmbH and ExOne KK, respectively. This strategic transaction underscores Anzu Partners' commitment to maintaining ExOne's operational continuity and dedication to customer and supplier relationships. ExOne has championed advancements in industrial 3D printing since 1995, particularly through its binder jet technology that converts materials into highly precise parts and manufacturing aids. As a result of this acquisition, ExOne will proceed to serve its customers with uninterrupted service. Anzu Partners, which specializes in tech investments across various sectors, manages assets of around $1 billion and maintains a workforce of over fifty professionals, reinforcing its commitment to fostering technological innovation.

Sectors

  • 3D Printing Technology
  • Investment Firm

Geography

  • United States – Anzu Partners is based in the US and received court approval from a US court for the acquisition.
  • Germany – ExOne GmbH is a part of ExOne's global operations based in Germany.
  • Japan – ExOne KK is a part of ExOne's global operations based in Japan.

Industry

  • 3D Printing Technology – ExOne specializes in binder jet 3D printing, a segment within the 3D printing industry, emphasizing digital sand casting.
  • Investment Firm – Anzu Partners functions as an investment firm engaged in acquiring and nurturing industrial and technological companies.

Financials

  • Approximately $1 billion – Assets managed by Anzu Partners as of 2024.

Participants

NameRoleTypeDescription
ExOneTarget CompanyCompanyA pioneer in binder jet 3D printing technology, known for digital sand casting solutions.
Anzu PartnersAcquirerCompanyAn investment firm focused on clean tech, industrial, and life science technology companies.
Eric BaderManaging Director of ExOne GmbHPersonResponsible for leading the operations of ExOne GmbH.
Ken YokoyamaManaging Director of ExOne KKPersonResponsible for leading the operations of ExOne KK.
Whitney Haring-SmithManaging Partner at Anzu PartnersPersonOversees strategy and acquisition affairs for Anzu Partners.