Nano Dimension Completes Acquisition of Desktop Metal to Create a Global Leader in Advanced Manufacturing Solutions!

Nano Dimension, a leading innovator in disruptive technologies for high-performance electronics, mechanical, and medical applications, has announced the successful completion of its acquisition of Desktop Metal, Inc. The acquisition, valued at $179.3 million, has positioned Nano Dimension as a global leader in the design, development, and manufacturing of advanced systems, software, and materials. This strategic move has been finalized after receiving all necessary regulatory approvals and meeting customary closing conditions.

The merger brings together two companies with complementary strengths, resulting in a combined entity with expected annual revenues exceeding $200 million for the year ending December 31, 2024, based on preliminary and unaudited results. The expanded organization will offer a comprehensive portfolio of advanced manufacturing solutions, including capital equipment, materials, and software. These solutions will serve various industries, including aerospace & defense, automotive, consumer electronics, industrial automation, medical technology, as well as research & development, academic, and government sectors.

This acquisition significantly broadens Nano Dimension’s customer base, now including Fortune 500 companies and industry leaders across various sectors. The combined company is poised to provide cutting-edge technologies for the design-to-manufacturing of complex and high-value applications in electronics, mechanical, and medical fields.

The acquisition is part of a strategic shift led by a new board of directors and management team that took charge in December 2024. This leadership has been focused on optimizing Nano Dimension’s operational model, reducing expenses, and aligning the company for long-term sustainability and growth. The new leadership team is committed to driving shareholder value, attracting top industry talent, and becoming a trusted partner for global innovation.

Ofir Baharav, Chairman of the Board of Nano Dimension, commented on the successful acquisition, emphasizing the significant opportunity it presents. He expressed excitement about the ability to offer more innovative technologies to customers and stated that the new leadership team would prioritize achieving a sustainable business model through cost synergies and strategic realignment. The company plans to share more details regarding integration plans and the financial outlook of the combined company after conducting a comprehensive strategic review.

Nano Dimension also highlighted its ongoing merger with Markforged Holding Corporation, with further updates on potential synergies expected in future communications. The acquisition of Desktop Metal marks a crucial step in Nano Dimension’s expansion strategy, positioning the company as a dominant player in the rapidly evolving landscape of advanced manufacturing technologies.