Nano Dimension completes acquisition of Markforged

WALTHAM, Massachusetts - Nano Dimension Ltd. (NASDAQ: NNDM), a provider of digital manufacturing solutions, has finalized its acquisition of Markforged Holding Corporation (NYSE: MKFG), a move that bolsters its capabilities in metal and composite manufacturing solutions. The transaction, valued at $116 million or $5.00 per share, was completed after receiving the necessary regulatory approvals and fulfilling customary closing conditions. According to InvestingPro data, this acquisition price represents a significant premium to Markforged’s recent market valuation of $98.34 million.

The acquisition is seen as a significant step in Nano Dimension’s strategy to become a leading figure in digital manufacturing. Markforged, known for its integrated hardware, software, and materials science, has an install base of over 15,000 systems across various industries, including aerospace, defense, automotive, and medical technology.

Nano Dimension’s CEO, Ofir Baharav, stated that the acquisition marks a major milestone for the company, enhancing its footprint in the manufacturing sector. Markforged’s impressive 48.27% gross margin, as reported by InvestingPro, is a testament to the profitability potential that Nano Dimension aims to capitalize on moving forward. InvestingPro analysis reveals that while the company maintains strong margins, it currently holds a Weak overall financial health score, suggesting room for operational improvements under new ownership.

In 2024, Markforged reported over $85 million in annual revenue with non-GAAP gross margins of approximately 50%. The company’s cloud-based AI-enhanced software and machine learning capabilities are expected to improve the precision and consistency of part replication on production lines, which aligns with Nano Dimension’s focus on innovative technology that can deliver financial results.

As part of the strategic developments, Assaf Zipori, former CFO of Markforged, was appointed as the CFO of the combined entity on April 24, 2025. This leadership change is part of Nano Dimension’s broader strategic assessment launched on March 26, 2025, aiming to maintain financial strength, drive profitable growth, increase margins, and build indispensable customer partnerships. Financial metrics from InvestingPro show Markforged maintains a healthy current ratio of 2.48, with more cash than debt on its balance sheet, providing a solid foundation for the combined entity’s growth initiatives. For deeper insights into Markforged’s financial position and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

Nano Dimension, driven by trends in onshoring, national security, and product customization, continues to target industries such as defense, aerospace, automotive, electronics, and medical devices with its advanced digital manufacturing technologies. The company’s commitment to IP security and sustainable manufacturing practices remains central to its strategy.

This news is based on a press release statement from Nano Dimension. The company cautions that forward-looking statements involve risks and uncertainties and are not guarantees of future performance. Nano Dimension’s actual results may differ materially from those expressed in forward-looking statements due to various risks and uncertainties.

In other recent news, Markforged Holding Corporation has released details about its impending merger with Nano Dimension Ltd. The company has provided stockholders with tax guidelines related to the merger’s completion, which are available on its investor relations website. The merger involves Markforged and Nano US II, Inc., a subsidiary of Nano Dimension, and is pending customary closing conditions and regulatory approvals. Meanwhile, Cantor Fitzgerald has maintained a Neutral rating on Markforged’s stock with a price target of $5.00, noting challenges in the hardware sales sector and the company’s focus on the merger process. The firm projects a 9% sequential revenue increase for Markforged, although this represents an 8% decline year-over-year, with expected revenues around $22.3 million. Additionally, Markforged has announced the upcoming departure of its General Counsel, Stephen Karp, effective March 3, 2025, as he plans to pursue opportunities outside the company. The company clarified that Karp’s resignation is not due to disagreements with the board or corporate management. Investors are closely monitoring these developments as Markforged navigates through this transitional phase.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.