WALTHAM, MA – Nano Dimension and Markforged have agreed to a definitive agreement in which Nano Dimension will acquire all outstanding shares of the 3-D printer manufacturer for $115 million.

With the all-cash acquisition, Nano Dimension said it is acquiring a company with scale and efficiency with the goal of expanding its leadership in additive manufacturing. Markforged's 2023 revenue was $93.8 million, and after Nano Dimension's acquisition of Desktop Metal earlier this year, the combination of the three companies would have an annual revenue of $340 million based on fiscal year 2023, the company said.

"In combining with Markforged, Nano Dimension is taking bold action in its journey towards becoming a digital manufacturing leader and being a foundational pillar of Industry 4.0," said Yoav Stern, CEO, Nano Dimension. "Markforged is an exceptional company with innovative AM materials and solutions for true production. Their prowess is validated by their more than fifteen thousand installed and connected systems in the field with many leading names across key industry verticals. I am excited to work with Shai Terem and his team, who have done an exceptional job developing their cutting-edge solutions. This is all the more substantial when we think about the anticipated closing of our deal with Desktop Metal. We believe the combination of Nano Dimension, Desktop Metal, and Markforged further strengthens our unique opportunity in creating value for our shareholders, customers, and employees as we work to deliver profitable growth, exceptional services, and notable career development opportunities."

Nano Dimension said the move will expand its product portfolio to include to fused filament fabrication for high-performance applications and expand its expertise and offerings in metal-focused AM, while also taking advantage of Markforged's expertise in composite materials, specifically continuous fiber reinforcement.

"We’re excited to bring together our pioneering, complementary product portfolios that will further enhance our ability to serve our customers in high-growth industries with a more complete offering of highly innovative solutions used on the factory floor," said Metalforged president and CEO Shai Terem. "Not only is our product offering unique, but together we will have the scale and balance sheet strength to become an even more trusted partner to our customers, who are leaders across several industries. We look forward to working with Nano Dimension to join great companies and their devoted teams that can serve our stakeholders to the maximum extent possible."

The transaction is expected to close in the first quarter of 2025, subject to the satisfaction of customary closing conditions.

• Prev
• Next