Nano Dimension Ltd. has announced its plans to acquire Markforged Holding Corporation, expanding its footprint in the additive manufacturing industry. The acquisition is part of Nano Dimension’s larger strategy to grow its portfolio and capabilities in advanced manufacturing technologies.
The combined company, which also includes Desktop Metal, is expected to generate $340 million in 2023 revenue, giving it the scale needed for future growth. With approximately $475 million in cash and equivalents, the merged entity will be in a strong financial position at the close of the transaction.
Expanding Product Portfolio with Markforged
Nano Dimension’s acquisition of Markforged will significantly expand its product offerings. Markforged brings expertise in fused filament fabrication (FFF), which complements Nano Dimension’s existing solutions. This expanded portfolio will allow the combined company to offer a broad range of 3D printing technologies, from additive inkjet to binder jetting, serving customers across industries.
The merger also strengthens Nano Dimension’s focus on high-performance applications. Markforged’s expertise in continuous fiber reinforcement, which enhances the strength of polymer-based parts to match that of metal, will further support the company’s growth in this area.
Gaining Leadership in Metal Additive Manufacturing
The acquisition of Markforged enhances Nano Dimension’s position in metal additive manufacturing, a key driver of growth within the industry. Nano Dimension’s prior agreement to acquire Desktop Metal laid the groundwork for this, and the addition of Markforged will widen the company’s metal printing capabilities.
Together, the companies will offer customers a range of metal fabrication solutions tailored to specific needs. This leadership in metal AM is expected to open new opportunities for the company, further driving long-term growth.
Building Long-Term Financial Strength
The merger with Markforged is anticipated to create efficiencies, cost savings, and synergies over the coming years. By combining resources, the companies will strengthen their research and development capabilities, while also generating significant savings through operational scale. This will not only support innovation but also improve the company’s financial outlook, making it more resilient and competitive in the global market.
Transaction Details and Closing Expectations
Nano Dimension will acquire Markforged in an all-cash transaction valued at $5.00 per share, a premium over recent trading prices. The deal is expected to close in the first quarter of 2025, pending regulatory approvals and shareholder consent.
Both companies’ boards have unanimously approved the merger, which is expected to solidify Nano Dimension’s leadership in the additive manufacturing space. The combined company will continue to focus on delivering innovative solutions and achieving profitable growth for shareholders.
