Nano Dimension is to acquire Markforged, adding to its expanding portfolio of 3D printing technologies and software that it hopes will rival industry heavyweights Stratasys and 3D Systems.
Having signed a definitive agreement, Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction for $5 per share, putting the final value around $115 Million.
Nano Dimension CEO Yoav Stern, 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.
“Markforged is an exceptional company with innovative AM materials and solutions for true production. Their prowess is validated by their more than 15,000 installed and connected systems in the field with many leading names across key industry verticals.”
Stern added: “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 has its roots in micro 3D printing, yet under Stern’s stewardship has been keen to expand. In 2022 it acquired Admatec/Formatec developer of 3D printing systems for ceramic and metal end-user parts, and in 2023 added multi-material AM optimisation software Additive Flow to its stable.
2023 also saw it make bold moves to acquire Stratasys, scuppering its move to acquire Desktop Metal for a reported (and much more sizeable) $1.8 billion, prompting a bidding war that 3D Systems then entered.
In July 2024, Nano Dimension then acquired Desktop Metal, which combined with the technologies from Markforged, gives the company an enviable portfolio of additive manufacturing technologies.
Markforged CEO Shai Terem, commented: “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.
“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.”
