3D printing company Nano Dimension has announced the acquisition of Markforged for $115 million. This move follows hot on the heels of the recently completed acquisition of Desktop Metal and underlines Nano Dimension’s ambition to become a leader in the 3D printing industry.
The acquisition of Markforged brings significant technological advantages to Nano Dimension. Markforged is known for its expertise in Fused Filament Fabrication (FFF) for high performance applications and innovative composite materials. These technologies complement Nano Dimension’s existing portfolio, which already includes Binder Jetting and Digital Light Processing through the Desktop Metal acquisition.
The transaction values Markforged shares at $5.00 per share, representing a 71.8% premium to the volume-weighted average share price on 24 September 2024. Following completion of the Desktop Metal and Markforged acquisitions, Nano Dimension expects combined annual revenue of $340 million based on 2023 figures.
The acquisition is subject to approval by Markforged shareholders and the relevant regulatory authorities. Closing is expected in the first quarter of 2025. Following the transaction, the combined company expects to have cash and cash equivalents of approximately $475 million.
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