Nano Dimension Completes Acquisition of Desktop Metal
Nano Dimension has completed its acquisition of Desktop Metal for $179.3 million ($5.295 per share), creating a global leader in advanced manufacturing solutions. The combined company expects annual revenue exceeding $200 million for 2024, based on preliminary unaudited results.
Under new leadership since December 2024, the company aims to transform through strategic initiatives focusing on maintaining financial strength, driving profitable growth, improving margins, and building customer partnerships. The expanded enterprise will serve a diverse customer base including Fortune 500 companies across aerospace & defense, automotive, consumer electronics, industrial automation, and medical technology sectors.
The company's transformation plan includes cost reduction initiatives, operational optimization, and strategic resource realignment. The acquisition completion follows new board and management appointments from July 2024, with leadership committed to establishing a sustainable business model and generating substantial shareholder returns.
Nano Dimension ha completato l'acquisizione di Desktop Metal per 179,3 milioni di dollari (5,295 dollari per azione), creando un leader globale nelle soluzioni di produzione avanzata. L'azienda combinata prevede ricavi annuali superiori a 200 milioni di dollari per il 2024, basati su risultati preliminari non verificati.
Sotto una nuova leadership da dicembre 2024, l'azienda mira a trasformarsi attraverso iniziative strategiche focalizzate sul mantenimento della solidità finanziaria, sulla crescita redditizia, sul miglioramento dei margini e sulla costruzione di partnership con i clienti. L'impresa ampliata servirà una clientela diversificata, comprese le aziende Fortune 500 nei settori aerospaziale e della difesa, automobilistico, elettronica di consumo, automazione industriale e tecnologia medica.
Il piano di trasformazione dell'azienda include iniziative di riduzione dei costi, ottimizzazione operativa e riallineamento strategico delle risorse. Il completamento dell'acquisizione segue nuove nomine nel consiglio e nella gestione a partire da luglio 2024, con la leadership impegnata a stabilire un modello di business sostenibile e a generare sostanziali ritorni per gli azionisti.
Nano Dimension ha completado su adquisición de Desktop Metal por 179,3 millones de dólares (5,295 dólares por acción), creando un líder global en soluciones de fabricación avanzada. La empresa combinada espera ingresos anuales superiores a 200 millones de dólares para 2024, basándose en resultados preliminares no auditados.
Bajo un nuevo liderazgo desde diciembre de 2024, la empresa tiene como objetivo transformarse a través de iniciativas estratégicas centradas en mantener la solidez financiera, impulsar el crecimiento rentable, mejorar los márgenes y construir asociaciones con los clientes. La empresa ampliada servirá a una diversa base de clientes, incluidas las empresas Fortune 500 en los sectores de aeroespacial y defensa, automotriz, electrónica de consumo, automatización industrial y tecnología médica.
El plan de transformación de la empresa incluye iniciativas de reducción de costos, optimización operativa y realineación estratégica de recursos. La finalización de la adquisición sigue a nuevos nombramientos en la junta y en la gestión desde julio de 2024, con el liderazgo comprometido a establecer un modelo de negocio sostenible y generar retornos sustanciales para los accionistas.
나노 디멘션은 데스크탑 메탈을 1억 7,930만 달러(주당 5.295달러)에 인수 완료하여 첨단 제조 솔루션의 글로벌 리더를 창출했습니다. 결합된 회사는 2024년까지 2억 달러 이상의 연간 수익을 예상하고 있으며, 이는 초기 감사되지 않은 결과를 기반으로 합니다.
2024년 12월부터 새로운 리더십 하에 회사는 재무 건전성을 유지하고, 수익성 있는 성장을 추진하며, 마진을 개선하고, 고객 파트너십을 구축하는 데 중점을 둔 전략적 이니셔티브를 통해 변화를 목표로 하고 있습니다. 확대된 기업은 항공 우주 및 방위, 자동차, 소비자 전자 제품, 산업 자동화 및 의료 기술 부문을 포함한 다양한 고객 기반에 서비스를 제공할 것입니다.
회사의 변환 계획에는 비용 절감 이니셔티브, 운영 최적화 및 전략적 자원 재조정이 포함됩니다. 인수 완료는 2024년 7월부터 새로운 이사회 및 경영진의 임명에 이어 이루어졌으며, 리더십은 지속 가능한 비즈니스 모델을 구축하고 주주에게 상당한 수익을 창출하는 데 전념하고 있습니다.
Nano Dimension a finalisé son acquisition de Desktop Metal pour 179,3 millions de dollars (5,295 dollars par action), créant ainsi un leader mondial dans les solutions de fabrication avancées. L'entreprise combinée prévoit des revenus annuels dépassant 200 millions de dollars pour 2024, sur la base de résultats préliminaires non audités.
Sous une nouvelle direction depuis décembre 2024, l'entreprise vise à se transformer grâce à des initiatives stratégiques axées sur le maintien de la solidité financière, la promotion d'une croissance rentable, l'amélioration des marges et la construction de partenariats clients. L'entreprise élargie servira une clientèle diversifiée, y compris des entreprises du Fortune 500 dans les secteurs de l'aérospatiale et de la défense, de l'automobile, de l'électronique grand public, de l'automatisation industrielle et de la technologie médicale.
Le plan de transformation de l'entreprise comprend des initiatives de réduction des coûts, d'optimisation opérationnelle et de réajustement stratégique des ressources. L'achèvement de l'acquisition fait suite à de nouvelles nominations au conseil d'administration et à la direction depuis juillet 2024, la direction s'engageant à établir un modèle commercial durable et à générer des rendements substantiels pour les actionnaires.
Nano Dimension hat die Übernahme von Desktop Metal für 179,3 Millionen Dollar (5,295 Dollar pro Aktie) abgeschlossen und damit einen globalen Marktführer im Bereich fortschrittlicher Fertigungslösungen geschaffen. Das kombinierte Unternehmen erwartet für 2024 einen Jahresumsatz von über 200 Millionen Dollar, basierend auf vorläufigen, nicht geprüften Ergebnissen.
Unter neuer Führung seit Dezember 2024 beabsichtigt das Unternehmen, sich durch strategische Initiativen zu transformieren, die sich auf die Aufrechterhaltung der finanziellen Stabilität, das Vorantreiben profitablen Wachstums, die Verbesserung der Margen und den Aufbau von Kundenpartnerschaften konzentrieren. Das erweiterte Unternehmen wird eine vielfältige Kundenbasis bedienen, darunter Fortune-500-Unternehmen in den Bereichen Luft- und Raumfahrt, Verteidigung, Automobil, Unterhaltungselektronik, industrielle Automatisierung und Medizintechnologie.
Der Transformationsplan des Unternehmens umfasst Initiativen zur Kostensenkung, operative Optimierung und strategische Neuausrichtung von Ressourcen. Der Abschluss der Übernahme folgt auf neue Ernennungen im Vorstand und im Management seit Juli 2024, wobei die Führung sich verpflichtet hat, ein nachhaltiges Geschäftsmodell zu etablieren und substanzielle Renditen für die Aktionäre zu generieren.
- Acquisition creates a combined company with $200M+ expected annual revenue
- Expanded customer base including Fortune 500 companies across multiple sectors
- Strategic cost reduction and operational optimization initiatives underway
- Strong capital base maintained post-acquisition
- Significant capital expenditure of $179.3M for acquisition
- Integration challenges and costs ahead for combining operations
- Pending merger with Markforged adds complexity to integration process
Insights
Nano Dimension's $179.3 million acquisition of Desktop Metal establishes a significantly larger entity with projected annual revenue of over $200 million for 2024. This transaction represents a substantial transformation for Nano Dimension, whose market cap before this deal was approximately $344 million.
The deal economics reflect a strategic approach by Nano Dimension's new leadership team, which took control in December 2024. They're applying a pragmatic financial lens to this integration, focusing on immediate cost synergies and resource reallocation toward high-potential product lines. This suggests a departure from the growth-at-all-costs mentality that has plagued many additive manufacturing companies.
What's particularly notable is the multi-phased transformation strategy. Beyond this Desktop Metal acquisition, there's a pending merger with Markforged, indicating an aggressive consolidation strategy within the additive manufacturing space. This industry has been fragmented with numerous smaller players struggling to achieve profitability, making consolidation a logical step.
The combined entity will benefit from diversification across multiple end markets including aerospace, automotive, medical tech, and electronics, reducing sector-specific risks. However, the challenge will be executing on the integration effectively while simultaneously pursuing the Markforged merger, which creates significant operational complexity in the near term.
This acquisition creates a significantly more substantial entity in the additive manufacturing space with combined revenue exceeding
The new leadership's emphasis on financial discipline and margin improvement represents a critical shift in strategic direction. The additive manufacturing sector has historically prioritized technological innovation and market share over profitability, resulting in sustained losses for many industry players. The explicit focus on "driving profitable growth" and "growing margins" signals a welcome maturity in strategic thinking.
However, integration risks remain substantial. Cost synergies, while promising, will require careful execution to realize. The pending Markforged merger adds another layer of complexity to the integration timeline. Successfully merging three distinct corporate cultures, product lines, and operational systems simultaneously will be exceedingly challenging.
The consolidated entity's strengthened portfolio across multiple high-value applications (electronics, mechanical, medical) provides essential diversification. The expanded customer base including Fortune 500 companies offers stability and potential upselling opportunities. These foundations, combined with the disciplined financial approach outlined, position the combined entity for potential profitability—something that has eluded many additive manufacturing companies to date.
New Leadership Team to Transform Combined Company by Focusing on Products and Services With a Growth Outlook That Can Deliver Financial Results
Waltham, Massachusetts, April 02, 2025 (GLOBE NEWSWIRE) -- Nano Dimension, a digital manufacturing leader, today announced the completion of its acquisition of Desktop Metal, Inc. (NYSE: DM) ("Desktop Metal"), 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
The combined company
The combined company is expected to have annual revenue for the year ended December 31, 2024 of over
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.
New leadership to execute a strategic financial transformation
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.
The management team of Nano Dimension is committed to generating substantial shareholder returns, attracting top industry talent, and serving as a trusted innovation partner for global customers.
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.
Mr. Ofir Baharav, Chairman of the board of directors of Nano Dimension, commented: “The completion of the Desktop Metal acquisition represents a significant opportunity. We are excited about the ability to offer leading customers more innovative technologies. Our new leadership group is squarely focused on implementing necessary measures to achieve a sustainable business model that will allow us to successfully create value for all stakeholders. We will make clear-eyed, objective assessments of our combined operations, identifying immediate cost synergies, and strategically realigning resources toward our highest-potential product lines.
Our commitment to shareholders is straightforward: disciplined capital management, prioritization of resources to areas that will drive meaningful returns, aggressive margin improvement through operational efficiencies, and a relentless focus on building the customer relationships that will sustain our business for the long term.”
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 Holding Corporation (NYSE: MKFG) ("Markforged") in future communications.
About Nano Dimension
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices.
For more information, please visit https://www.nano-di.com/.
Forward-Looking Statements
The preliminary estimated financial results for the full year ended December 31, 2024 included in this press release are preliminary, unaudited and subject to completion, and may change as a result of management’s continued review. Such preliminary results are subject to the finalization of year-end financial and accounting procedures, including review of the results of the combined company. The preliminary financial results represent management estimates that constitute forward-looking statements subject to risks and uncertainties, as described below. As a result, the preliminary financial results may materially differ from the actual results when they are completed and publicly disclosed in Nano Dimension’s Annual Report on Form 20-F.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, strategic plans, optimization initiatives, value to shareholders and its ability to manage capital, prioritize resources to areas that will drive meaningful returns, improve margins through operational efficiencies, and build customer relationships and all other statements other than statements of historical fact that address activities, events or developments that Nano Dimension intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause Nano Dimension’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano Dimension, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on March 21, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Investors: Moshe Rozenbaum, VP Corporate Development | ir@nano-di.com
Media: Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com
FAQ
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