Nano Dimension completes acquisition of Desktop Metal

Nano Dimension (NNDM) announced the completion of its acquisition of Desktop Metal (DM), establishing a global leader in innovative disruptive systems, software, and materials for high-value, high-performance electronics, mechanical, and medical applications. The transaction, valued at $179.3M or $5.295 per share, was finalized following receipt of all necessary regulatory approvals and satisfaction of customary closing conditions. 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 sophisticated 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 refreshed group is concentrated on addressing the realities of a combined company with an unwavering focus on establishing a sustainable business model. Since Nano Dimension’s new leadership assumed responsibility in December 2024, Nano Dimension has been undergoing a strategic review and has undertaken notable improvements in its operating model to reduce expenses of the core business. Building on these early successes, 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 innovative 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. Nano Dimension will provide additional details regarding integration plans and financial outlook for the combined company following a comprehensive strategic review. Nano Dimension will also address potential synergies with its pending merger with Markforged (MKFG) in future communications.