Nano Dimension, a leader in 3D-printed electronics, has announced its acquisition of Desktop Metal in an all-cash transaction valued at $135 million. This strategic move aims to solidify Nano Dimension’s position in digital manufacturing and expand its capabilities in mass manufacturing for critical industrial applications.
Yoav Stern, CEO and board member of Nano Dimension, expressed enthusiasm about the merger, stating, “Our combination with Desktop Metal marks a significant step in Nano Dimension’s evolution towards leadership in Digital Industry 4.0. We are excited to join forces with Desktop Metal’s talented team to drive value creation for all stakeholders, including our employees, customers, and shareholders.”
Ric Fulop, co-Founder and CEO of Desktop Metal, echoed Stern’s sentiments, highlighting the synergies between the two companies’ product portfolios. “Bringing together our pioneering technologies across metal, electronics, casting, polymer, micro-polymer, and ceramics applications will enable us to better serve our customers in high-growth industries,” Fulop said.
The acquisition will create a comprehensive product portfolio covering a wide range of additive manufacturing (AM) technologies and materials. Nano Dimension brings expertise in 3D-printed electronics and advanced materials, supported by DeepCube’s AI-driven software platform. Meanwhile, Desktop Metal specializes in industrial-scale AM solutions with proprietary software and sintering technologies.
Together, the combined entity aims to accelerate the industry’s transition to mass production, offering innovative solutions from prototyping to mainstream tooling and end-use part production. The merged company will leverage synergies to enhance customer acquisition capabilities, cross-selling opportunities, and go-to-market strategies across key markets such as automotive, aerospace/defense, industrial, medical, and academia.
The transaction, expected to close in the fourth quarter of 2024 subject to customary closing conditions, positions the combined company as a leader in the AM sector with robust financial strength and significant opportunities for recurring revenue growth.
For further details and updates on the acquisition, shareholders and stakeholders await the finalization in the coming months.