Nano Dimension finalizes acquisition of Markforged – CFO takes on same role at new parent company
The Atomic Layers: S9E25 (00262)
Atomic Layer of the Day:
Guys, sorry for bringing this up again and again, but it all seems pretty important both to me and the whole AM industry. And what's more – this isn’t the end (more like halftime).
Today, Nano Dimension announced the completion of its acquisition of Markforged Holding Corporation for $116 million, paying $5.00 per share.
As part of the deal, Assaf Zipori, who had been the Chief Financial Officer at Markforged, was appointed as the new CFO of Nano Dimension – a move meant to ensure financial continuity and a smooth integration of both companies’ structures.
This also seems to signal a vote of confidence in the acquired company.
Just a reminder – after the acquisition of Desktop Metal, none of the key people from that team made it into Nano Dimension…
Markforged has over 15,000 3D printing systems deployed in the market. In 2024, it generated revenues exceeding $85 million. In the press release, Nano Dimension emphasized that what truly sets Markforged apart is its advanced AI capabilities and cloud-based software. The integration of these technologies aligns with Nano Dimension’s long-term vision of fully supporting the manufacturing process – from design and simulation, all the way to final digital production.
At the same time, let’s not forget that just three days ago, Nano Dimension launched a process of exploring “strategic alternatives” for Desktop Metal, which is facing liquidity challenges and financial obligations. The options on the table include a full or partial sale, restructuring, raising new capital, or – in the worst-case scenario – filing for bankruptcy.
More details on this are expected by the end of April, when the long-awaited financial results for 2024 are scheduled to be announced – that’s next week.
Which means I’ll probably have to write to you about this trio once again…
From a strategic standpoint, the integration of Markforged is a major step forward for Nano Dimension, and frankly makes a lot more sense than Desktop Metal (which, in its current state, seems almost beyond saving).
In the coming quarters, the key will be how quickly and effectively Nano Dimension can integrate Markforged’s assets while stabilizing the situation at Desktop Metal – the future growth in shareholder value and the company’s resilience to changing market conditions will depend on it.
Atomic Layer from the Past:
04-25-2016: MakerBot shut down its factory in New York.
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