Nano Dimension finalizes Markforged acquisition

Nano Dimension Ltd. (Nasdaq: NNDM) has completed its acquisition of Markforged Holding Corporation (NYSE: MKFG), thereby establishing a strong foothold in metal and composite manufacturing solutions and marking a significant leap forward in AI-enhanced manufacturing. The transaction, valued at $116 million or $5.00 per share, was finalized following the receipt of necessary regulatory approvals and the satisfaction of customary closing conditions.

Mr. Ofir Baharav, Chief Executive Officer of Nano Dimension, commented: “Nano Dimension remains firmly committed to its vision: building a preeminent digital manufacturing leader. Completing the Markforged acquisition is a major milestone in fulfilling that vision. With proven metal and composite solutions that tightly integrate hardware, cloud-based AI-enhanced software, and materials science, Markforged has played a critical role in manufacturing on factory floors worldwide. Its install base of over 15,000 systems across leading industrial customers can serve as a strong platform for expanding Nano Dimension’s reach. While Markforged solutions have achieved nearly 50% gross margin, we will continue to take clear, decisive steps to drive profitability and strengthen our capital position in the quarters ahead.”

Accelerating production line manufacturing

With this acquisition, Nano Dimension significantly enhances its position in the design-to-manufacturing of high-performance, high-value metal and composite parts directly where they matter most – on the manufacturing floor. Markforged is a leader not only in exceptional manufacturing systems and materials science, but also in cloud-based services and machine learning based AI manufacturing. AI enhancements uniquely address a critical manufacturing imperative: the precise and consistent replication of designed parts on the production line. Nano Dimension is committed to rapidly integrating and deploying these cutting-edge capabilities across its extensive portfolio of digital manufacturing solutions.

Markforged can boast over 15,000 systems installed and deployed at global leaders across key industries, including aerospace and defense, automotive, consumer electronics, industrial automation, and medical technology, as well as government organizations. Their premium solutions have become critical for rapid manufacturing, re-shoring, supply chain resilience, IP security, and sustainability.

In 2024, Markforged generated over $85 million in annual revenue with non-GAAP gross margins of approximately 50%.

Leadership’s continued focus

Markforged now represents one of Nano Dimensions’ most valuable assets, boasting a strong market presence and solid technologies, particularly in the composites-reinforced filament extrusion market and in metal binder jetting, thanks to Markforged’s acquisition of Digital Metal. This adds to ExOne sand and metal binder jetting, Desktop Metal’s metal binder jetting and bound material printing, Admatec’s technical ceramic and metal slurry stereolithography, ETEC’s DLP and continuous DLP technology, Nanofabrica’s micro-stereolithography and Nano Dimensions’ unique electronic material jetting capabilities (AME). This makes Nano Dimension’s offer one of the most technologically complete in the world of AM. Whether these complex businesses can be streamlined into a profitable and effective business model will depend on the ability of the new combined management teams.

On March 26, 2025, Nano Dimension announced the launch of a comprehensive strategic assessment, placing particular emphasis on its core business and recent acquisitions. This initiative underscores the company’s dedication to enhancing shareholder value through a focused strategy aimed at maintaining financial strength by ensuring a robust capital base, driving profitable growth through innovative technology-based products and services, growing margins by achieving greater economic efficiencies across manufacturing, operations, supply chains, and information systems, and building indispensable customer partnerships by delivering solutions that establish Nano Dimension as a critical manufacturing partner. Additionally, on April 24, 2025, Assaf Zipori, formerly the Chief Financial Officer of Markforged, was appointed as Nano Dimension’s new Chief Financial Officer.