WALTHAM, MA, Apr 9, 2025 – Nano Dimension has completed its acquisition of Desktop Metal for $179.3 million, or $5.295 per share, after receiving all necessary regulatory approvals.
The combined company
The combined company is expected to have an annual revenue for the year ending December 31, 2024, of over $200 million, based on preliminary and unaudited full-year 2024 results.
The expanded enterprise will have global operations designing and delivering a complementary portfolio of advanced manufacturing solutions for design-to-manufacturing sophisticated electronics, mechanical, and medical applications, including capital equipment, materials, and software.
The expanded customer base will include Fortune 500 companies and industry leaders across aerospace & defense, automotive, consumer, electronics, industrial automation, medical technology, R&D, academic, and government organizations.
New leadership to execute a strategic financial transformation
The acquisition was completed under a new board of directors and management team different from the one in place when the merger agreement was signed in July 2024. This updated team is focused on managing the combined company and building a stable business model.
The management team of Nano Dimension aims to drive returns, attract leading talent, and support global customers as a trusted innovation partner. Since December 2024, when new leadership took over, Nano Dimension has been reviewing its strategy and making changes to lower costs in its core business. Building on these efforts, the team plans to extend these improvements across the organization, increasing their focus and pace.
The new leadership’s accelerated transformation plan centers on:
- Maintaining Financial Strength: Ensure a robust capital base.
- Driving Profitable Growth: Focus on products and services where there is innovative technology with a growth outlook that can deliver financial results.
- Growing Margins: Achieve economic efficiencies in manufacturing, operations, supply chains and information systems.
- Building Indispensable Customer Partnerships: Deliver solutions that make Nano Dimension a critical manufacturing partner.
Mr. Ofir Baharav, chairman of the board of directors of Nano Dimension, commented, “The completion of the Desktop Metal acquisition represents a significant opportunity. We are excited about the ability to offer leading customers more innovative technologies. Our new leadership group is squarely focused on implementing necessary measures to achieve a sustainable business model that will allow us to successfully create value for all stakeholders. We will make clear-eyed, objective assessments of our combined operations, identifying immediate cost synergies, and strategically realigning resources toward our highest-potential product lines.”
“Our commitment to shareholders is straightforward: disciplined capital management, prioritization of resources to areas that will drive meaningful returns, aggressive margin improvement through operational efficiencies, and a relentless focus on building the customer relationships that will sustain our business for the long term.”
Source: Nano Dimension
About Nano Dimension
Nano Dimension Ltd., established in 2012 and headquartered in Ness Ziona, Israel, specializes in additive manufacturing solutions, particularly in 3D printing technologies. The company offers a range of products, including the DragonFly IV system for additively manufactured electronics (AME), Admatec 3D printers for ceramics and metals, and DeepCube AI software for optimizing production processes. These solutions cater to aerospace, defense, automotive, consumer products, industrial manufacturing, and medical sectors. In 2023, Nano Dimension reported revenues of approximately $56.31 million. The company’s mission is to transform design and production processes to meet the efficiency demands of Industry 4.0, focusing on intelligent machines that enable rapid prototyping and production of high-performance electronic devices.
About Desktop Metal
Desktop Metal, founded in 2015 and headquartered in Burlington, MA, is a technology company specializing in additive manufacturing solutions. It offers a range of 3D printing systems for metal and polymer applications, serving industries such as automotive, aerospace, healthcare, consumer products, and heavy machinery. The company focuses on enabling mass production with its binder jetting technology and digital manufacturing platforms. Desktop Metal’s product portfolio includes office-friendly metal printers, high-throughput production systems, and turnkey solutions for dental and industrial applications. Its solutions are designed to reduce manufacturing costs, shorten lead times, and simplify complex part production. As of its latest fiscal year, the company reported an annual revenue of approximately $200 million. Over the years, Desktop Metal has grown through strategic acquisitions and partnerships. It has become a key player in next-generation manufacturing technologies, helping organizations shift from traditional subtractive methods to more flexible, digital-first production workflows.