Nano Dimension has announced its proposition to acquire Markforged, a 3D-printing solutions provider, for USD 115 million in an all-cash transaction at USD 5.00 per share. The translation​​ is expected to close in the first quarter of 2025.

Markforged sells 3D printers with material and software solutions for tooling, fixtures, functional prototyping, and high-value end-use production. Its line of 3D printers includes a metal printer, a series of industrial composite printers, and a series of desktop composite printers, using metal (a range of metals from stainless steel to copper), plastics, and continuous fiber. The software solutions include Eiger, a cloud-based digital repository, and Blacksmith, which connects part design, production, and inspection using AI.

The acquisition will expand Nano Dimension's product portfolio, particularly in fused filament fabrication for high-performance applications.  The combined company, including Nano Dimension's pending acquisition of Desktop Metal, is projected to have a 2023 revenue of USD 340 million and approximately USD 475 million in cash and cash equivalents at closing. 

Analyst QuickTake: This acquisition marks Nano Dimension’s second large acquisition for the year since it acquired Desktop Metal , a provider of 3D printers and related products, for ~USD 183 million in an all-cash transaction, in July. The recent activity follows an almost two-year-long back and forth, which saw Nano Dimension trying and failing to acquire another leading AM company, Stratasys. Notably, this news also comes a few days after Markforged entered a USD 25 million patent license agreement with Continuous Composites to settle claims and counterclaims in litigation brought on by the latter.