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Nano Dimension Ltd. (Nasdaq: NNDM) has accomplished its acquisition of Markforged Holding Company (NYSE: MKFG), thereby establishing a robust foothold in steel and composite manufacturing options and marking a big leap ahead in AI-enhanced manufacturing. The transaction, valued at $116 million or $5.00 per share, was finalized following the receipt of vital regulatory approvals and the satisfaction of customary closing circumstances.
Mr. Ofir Baharav, Chief Govt Officer of Nano Dimension, commented: “Nano Dimension stays firmly dedicated to its imaginative and prescient: constructing a preeminent digital manufacturing chief. Finishing the Markforged acquisition is a significant milestone in fulfilling that imaginative and prescient. With confirmed steel and composite options that tightly combine {hardware}, cloud-based AI-enhanced software program, and supplies science, Markforged has performed a vital function in manufacturing on manufacturing facility flooring worldwide. Its set up base of over 15,000 programs throughout main industrial clients can function a robust platform for increasing Nano Dimension’s attain. Whereas Markforged options have achieved practically 50% gross margin, we’ll proceed to take clear, decisive steps to drive profitability and strengthen our capital place within the quarters forward.”
Accelerating manufacturing line manufacturing
With this acquisition, Nano Dimension considerably enhances its place within the design-to-manufacturing of high-performance, high-value steel and composite elements immediately the place they matter most – on the manufacturing ground. Markforged is a pacesetter not solely in distinctive manufacturing programs and supplies science, but additionally in cloud-based providers and machine studying based mostly AI manufacturing. AI enhancements uniquely deal with a vital manufacturing crucial: the exact and constant replication of designed elements on the manufacturing line. Nano Dimension is dedicated to quickly integrating and deploying these cutting-edge capabilities throughout its intensive portfolio of digital manufacturing options.
Markforged can boast over 15,000 programs put in and deployed at international leaders throughout key industries, together with aerospace and protection, automotive, shopper electronics, industrial automation, and medical know-how, in addition to authorities organizations. Their premium options have turn out to be vital for fast manufacturing, re-shoring, provide chain resilience, IP safety, and sustainability.
In 2024, Markforged generated over $85 million in annual income with non-GAAP gross margins of roughly 50%.
Management’s continued focus
Markforged now represents considered one of Nano Dimensions’ most respected belongings, boasting a robust market presence and strong applied sciences, notably within the composites-reinforced filament extrusion market and in steel binder jetting, due to Markforged’s acquisition of Digital Steel. This provides to ExOne sand and steel binder jetting, Desktop Steel’s steel binder jetting and certain materials printing, Admatec’s technical ceramic and steel slurry stereolithography, ETEC’s DLP and steady DLP know-how, Nanofabrica’s micro-stereolithography and Nano Dimensions’ distinctive digital materials jetting capabilities (AME). This makes Nano Dimension’s provide probably the most technologically full on the planet of AM. Whether or not these complicated companies may be streamlined right into a worthwhile and efficient enterprise mannequin will rely upon the flexibility of the brand new mixed administration groups.
On March 26, 2025, Nano Dimension introduced the launch of a complete strategic evaluation, putting explicit emphasis on its core enterprise and up to date acquisitions. This initiative underscores the corporate’s dedication to enhancing shareholder worth by way of a centered technique aimed toward sustaining monetary energy by making certain a sturdy capital base, driving worthwhile development by way of progressive technology-based services and products, rising margins by reaching larger financial efficiencies throughout manufacturing, operations, provide chains, and data programs, and constructing indispensable buyer partnerships by delivering options that set up Nano Dimension as a vital manufacturing companion. Moreover, on April 24, 2025, Assaf Zipori, previously the Chief Monetary Officer of Markforged, was appointed as Nano Dimension’s new Chief Monetary Officer.
