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Nano Dimension to Buy Desktop Metal in Cash Deal

July 3, 2024
The additive manufacturing companies aim to consolidate their strengths in additive manufacturing for future growth.

In a significant move within the additive manufacturing industry, Nano Dimension Ltd. and Desktop Metal Inc. have announced a strategic agreement. Israeli 3D printing company Nano Dimension is set to acquire Desktop Metal in an all-cash transaction, valued at $5.50 per share, totaling approximately $183 million.

The merger aims to combine the strengths of both companies, with Nano Dimension’s 3D printed electronics and high-performance materials and Desktop Metal’s industrial scale AM technologies across a range of materials.

READ MORE: From Prototype to Product: The Rise of 3D Metal Printing

Financially, the combined entity reports 2023 revenue of $246 million with 28% coming from recurring sources. The transaction is expected to close by Q4 2024, pending customary approvals.

Just last fall, Stratasys, a company that specializes in 3D printer technologies, failed to persuade investors that its proposed merger with Desktop Metal would lead to future profitability. Shareholders representing 78.6% of Stratasys shares voted against the $1.8 billion deal, which prompted the company’s board to explore alternatives.

Financial advisory support for Nano Dimension and Desktop Metal comes from Greenhill & Co. LLC and Stifel, respectively, as the companies move forward. As the two companies forge ahead with their joint vision, Machine Design will continue to report on the ever-evolving nature of the additive manufacturing sector.

READ MORE: Nano Dimension to buy Desktop Metal for as little as $135 million

About the Author

Sharon Spielman | Technical Editor, Machine Design

As Machine Design’s technical editor, Sharon Spielman produces content for the brand’s focus audience—design and multidisciplinary engineers. Her beat includes 3D printing/CAD; mechanical and motion systems, with an emphasis on pneumatics and linear motion; automation; robotics; and CNC machining.

Spielman has more than three decades of experience as a writer and editor for a range of B2B brands, including those that cover machine design; electrical design and manufacturing; interconnection technology; food and beverage manufacturing; process heating and cooling; finishing; and package converting.

Email: [email protected]

LinkedIn: @sharonspielman

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Facebook: Machine Design

YouTube: @MachineDesign-EBM

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