- Nano Dimension (NNDM, Financial) completes acquisition of Markforged, valued at $116 million, enhancing its metal and composite manufacturing capabilities.
- Markforged's 15,000+ installed systems and AI-enhanced manufacturing boost NNDM's market presence.
- Assaf Zipori, former CFO of Markforged, appointed as Nano Dimension's new CFO.
Nano Dimension Ltd. (NNDM) has successfully finalized its acquisition of Markforged for $116 million, equating to $5.00 per share. The strategic acquisition strengthens Nano Dimension's position in the field of metal and composite manufacturing solutions. The deal enables Nano Dimension to access Markforged's extensive install base of over 15,000 systems, along with their AI-enhanced manufacturing capabilities, which are pivotal for industries including aerospace, defense, automotive, and medical technology.
In 2024, Markforged reported an impressive annual revenue exceeding $85 million, with non-GAAP gross margins approximately at 50%. This acquisition offers Nano Dimension an immediate revenue boost, expanded customer reach, and technological diversification into high-value manufacturing segments.
The acquisition is aligned with Nano Dimension's strategic objective to drive profitable growth and enhance its manufacturing operations. Markforged's comprehensive solutions—encompassing hardware, cloud-based AI software, and materials science—are anticipated to integrate seamlessly with Nano Dimension's portfolio, providing robust manufacturing solutions from design to production.
In conjunction with the acquisition, Assaf Zipori, who served as CFO of Markforged, takes on the role of CFO at Nano Dimension. This leadership transition is expected to ensure smooth financial integration and continuity, as the company focuses on maintaining financial strength and increasing profitability.
