Nano Dimension Wraps Up Acquisition of Desktop Metal

Nano Dimension has finalized its acquisition of Desktop Metal, Inc. The transaction, valued at $179.3 million or $5.295 per share, was finalized after receipt of all necessary regulatory approvals and satisfaction of customary closing conditions. 

Combined Company 

The combined company is expected to have annual revenue for the year ended December 31, 2024 of over $200 million, based on preliminary and unaudited full year 2024 results. 

The expanded enterprise will have global operations designing and delivering a complementary portfolio of advanced manufacturing solutions, including capital equipment, materials, and software, for design-to-manufacturing of electronics, mechanical, and medical applications. 

The expanded diverse customer base will include Fortune 500 companies and industry leaders across aerospace & defense, automotive, consumer, electronics, industrial automation, medical technology, along with research & development, academic, and government organizations.

This acquisition was completed under the stewardship of a new board of directors and management team from when the merger agreement was signed in July 2024. This group is concentrated on addressing the realities of a combined company with a focus on establishing a sustainable business model, according to Nano Dimension.

Since Nano Dimension’s new leadership assumed responsibility in December 2024, Nano Dimension has been undergoing a strategic review and has undertaken improvements in its operating model to reduce expenses of the core business. The leadership team will now expand these optimization initiatives across the combined organization with increased scope and urgency. 

The new leadership’s accelerated transformation plan centers on:

• Maintaining Financial Strength: Ensure a robust capital base.
• Driving Profitable Growth: Focus on products and services where there is technology with a growth outlook that can deliver financial results.
• Growing Margins: Achieve economic efficiencies in manufacturing, operations, supply chains and information systems.
• Building Indispensable Customer Partnerships: Deliver solutions that make Nano Dimension a critical manufacturing partner.

“The completion of the Desktop Metal acquisition represents a significant opportunity," says Ofir Baharav, chairman of the board of directors of Nano Dimension. "Our new leadership group is squarely focused on implementing necessary measures to achieve a sustainable business model that will allow us to successfully create value for all stakeholders. We will make clear-eyed, objective assessments of our combined operations, identifying immediate cost synergies, and strategically realigning resources toward our highest-potential product lines."

Nano Dimension will provide additional details regarding integration plans and financial outlook for the combined company after a comprehensive strategic review. Nano Dimension will also address potential synergies with its pending merger with Markforged Holding Corp. in future communications.

Sources: Press materials received from the company and additional information gleaned from the company’s website.