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An update from Markforged Holding ( (MKFG) ) is now available.
Nano Dimension Ltd. has announced the acquisition of Markforged Holding Corporation in an all-cash deal, with each Markforged share priced at $5.00. This merger is set to create a dominant force in the additive manufacturing sector, combining their complementary technologies. Markforged’s 2023 revenues totaled $93.8 million, boasting significant margins and customer base across various industries. The combined entity, including Desktop Metal, is projected to have a strong balance sheet with $475 million in cash and securities, and an aggregated revenue of $340 million for fiscal year 2023, setting a clear path towards profitability.
See more insights into MKFG stock on TipRanks’ Stock Analysis page.
