Nano Dimension sells AME and Fabrica. In other words - it’s selling itself... 🤨
The Atomic Layers: 00315
Atomic Layer of the Week:
Some time ago, on 3DP War Journal series, I wrote about Nano Dimension’s ongoing troubles - four CEOs in 257 days, Yoav Stern’s chaotic acquisition strategy, Desktop Metal’s bankruptcy, the uncertain future of Markforged, and the looming threat from FibreSeeker:
That article raised more questions than answers. Now, at least some of those answers are emerging - and they are far from reassuring.
What happened? Nano Dimension has sold its AME (Additively Manufactured Electronics) product line, along with the already discontinued Fabrica line, to Inspira Technologies OXY B.H.N. Ltd.
The deal is worth up to $12.5 million - $2 million upfront, with the remainder tied to the performance of the acquired businesses over the next twelve months. Operational control has already been transferred to Inspira, although the transaction still awaits formal regulatory approvals.
To put this into perspective: AME business was the very core of Nano Dimension.
DragonFly systems, conductive inks, polymer materials, software - this entire stack has now been sold for less than $13 million. Fabrica, for its part, was acquired in 2021 for $54 million.
Now both lines combined have been offloaded for a fraction of that value 😳
CEO David Stehlin, of course, speaks of “maximizing shareholder value” and calls it “the first in a series of steps” - phrasing that sounds familiar and not particularly reassuring.
After this transaction, Nano Dimension is essentially reduced to: Essemtec, Global Inkjet Systems, stakes in Markforged, and Digital Metal.
In other words, what remains after selling off what once defined the company.
Joris Peels of 3DPrint.com has published a detailed analysis of the situation, and it’s worth paying attention to.
His key points:
for Inspira, this could be an excellent deal, as its CEO - Dagi Ben-Noon-is a former co-founder and COO of Nano Dimension; he understands the technology inside out and knew exactly what he was buying - and at what price
for Nano, this appears to be a sale at an almost absurdly low valuation
Peels also suggests that Markforged and Digital Metal are now effectively up for sale, even if no one is saying it outright.
He raises a fundamental question: what exactly does Nano Dimension want to be after this transaction? And does its leadership even have a clear plan?
I’ll return to this topic soon with my own analysis and a few observations. This is just an introduction to a longer piece I’m already working on.
Atomic Layer from the Past:
37 years ago, on April 10, 1989, 3D Systems hosted the first-ever user meeting dedicated to stereolithography. The “3D Systems North American Stereolithography Users Group” took place in Irvine, California, attracting Pratt & Whitney, Ford, GM, IBM, DuPont, Kodak, and Carnegie Mellon.
For 12 years, it focused only on 3D Systems’ tech. In 2011, it became AMUG – the largest additive manufacturing user group, operating on the “For Users, By Users” principle.
Read all:
News & Gossip:
#1
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#2
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#3
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This situation has been going on for at least a week (at least that’s when I first noticed it).
#4
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#5
Boston Micro Fabrication has launched BMF Clear, an optically transparent photopolymer resin for micro-scale 3D printing. Offering over 90% light transmittance, it targets microfluidics, photonics, and biomedical devices. BMF Clear is available now through direct and European distribution channels.
#6
BigRep introduced the ONE.5X large-format 3D printer with new automation features including XYZ auto-calibration, adaptive bed leveling, and relay mode for material changeover. The company also partnered with Massive Dimension to integrate the MDX pellet extruder into the ONE platform, enabling lower-cost, higher-throughput production. The combined system is targeted for commercial release by the end of 2026.