Home Industry 3D printer manufacturer Nano Dimension takes over Desktop Metal

3D printer manufacturer Nano Dimension takes over Desktop Metal

In a surprising turn of events, the Israeli company Nano Dimension has announced the acquisition of Desktop Metal for 135 million US dollars. This transaction ends months of speculation about possible mergers and acquisitions in the 3D printing industry.

Nano Dimension significantly expands its product portfolio through the acquisition. Desktop Metal brings expertise in metal binder jetting and metal filament printing. The company also has technologies for ceramic and sand binder jetting as well as DLP stereolithography.

Yoav Stern, CEO of Nano Dimension, sees the acquisition as an important step towards market leadership in the field of digital manufacturing. Ric Fulop, co-founder and CEO of Desktop Metal, emphasises the complementary nature of the two companies’ product portfolios.

The transaction will take place at a price of USD 5.50 per share, which represents a premium of 27.3% over Desktop Metal’s closing price on 2 July 2024. The total value of the acquisition may be up to USD 183 million, subject to potential adjustments.

The combination will create a company with a broad range of 3D printing technologies for various materials such as metal, electronics, polymers and ceramics. The combined company is expected to generate annual revenues of USD 246 million, of which 28% will come from recurring revenues.

The merger promises synergies in research, development and sales. Nano Dimension plans to realise more than $30 million in annual savings. The new company will have locations in the USA, Europe, Israel and the Asia-Pacific region.

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