Long-awaited consolidation trend within the industry continues following Desktop Metal acquisition.
Nano Dimension and Markforged have jointly announced that they have entered into a definitive agreement under which Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction.
According to a statement from Nano Dimension, this in conjunction with the earlier announcement that the company would acquire Desktop Metal will expand Nano Dimension’s leadership in additive manufacturing (AM).
Yoav Stern, CEO and member of the board of directors of Nano Dimension, said in a press release, “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 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.”
In the same press release, Shai Terem, president, CEO and member of the board of directors of Markfoged added, “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, 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 acquisition is subject to certain closing conditions, including the approval of Markforged’s stockholders and required regulatory approvals.
