#3DExpress: Trouble on the Horizon for Nano Dimension and Nexa3D?

It may be the holiday season, but the additive manufacturing sector is not sleeping peacefully while waiting for Santa Claus. In this week’s 3DExpress, we start with some of the big news you might have missed this week from Nano Dimension and Nexa3D, who are both struggling in the face of a turbulent 2024. Next, learn more about Ursa Major’s successful 3D printed rocket test and the relaunch of Shapeways. Last but not least, Bambu Lab has shown its holiday spirit with an online tool for printing Christmas decorations. Perfect for those who haven’t yet decked the halls. Happy reading and have a great weekend!

Nano Dimension in Trouble?

If you follow the latest news in additive manufacturing, you’ll be familiar with the name Nano Dimension, which has been making quite a few waves in the industry in recent years. Now, a few days ago, its CEO, Yoav Stern, lost his seat on the board of directors although not his position as CEO, which did not go unnoticed by the market. This week, new developments took place: six board directors resigned, with immediate effect, leaving the management to four members, all of whom have Murchinson’s support. Murchinson is one of Nano Dimension’s shareholders, and has been challenging the company’s management and decisions for several years. This news does not bode well for the manufacturer. The Board of Directors has previously express reservations about the Markforged Holding Corporation and Desktop Metal acquisitions. Perhaps these mergers will not go ahead – only time will tell.

Yoav Stern CEO of Nano Dimension (photo credits: SME)

Nexa3D Is Scaling Back

Adding onto the Nano Dimension news, Nexa3D also seems to be in hot water this week. The company has released an “important message” to the Nexa3D community, where it has confirmed that it is facing significant funding challenges. This in turn has prompted Nexa3D to decide to scale back operations as they cannot continue in the current form. In the email, the Nano Dimension team confirmed, “While this chapter is incredibly difficult, we remain optimistic about the future of innovation and collaboration in the 3D printing industry, and we look forward to seeing the continued impact of the work we began together.” The company also confirms that it will try to ensure a smooth transition, providing clear guidance to Nexa3D customers for next steps and support availability.