Court Orders Nano Dimension to Comply With Desktop Metal Acquisition

We all heard the story. Back in July 2, 2024, Nano Dimension reached an agreement to acquire Desktop Metal, and Nano Dimension’s CEO at the time, Yoav Stern, emphasized that the acquisition was key to advancing additive manufacturing. Both companies had announced a definitive agreement that would bring strategic and financial benefits. However, problems arose after the announcement as Nano Dimension did not adhere to the terms of the agreement and failed to obtain regulatory approval for the acquisition in a timely manner as required by the agreement.

Then later in the year, Desktop Metal filed a lawsuit, arguing that Nano Dimension had indeed failed to fulfill its obligation to obtain CFIUS approval in a timely manner, especially after some of the discord at the other company after the ousting of Stern. The court set an expedited hearing for December 30, 2024, to consider Desktop Metal’s motion for summary judgment in January. Later, in February 2025, a trial date was set for March 11 and 12, 2025, to further resolve the lawsuit.

The Delaware Court of Chancery ruled in favor of Desktop Metal (photo credits: Delaware Court of Chancery)

Now, the Delaware Court of Chancery, a major commercial court in the USA, has officially ruled in favor of Desktop Metal, announcing the decision on March 24, 2025. The court found that Nano Dimension had breached the acquisition agreement and rejected Nano Dimension’s counterclaims. According to the court, Desktop Metal had fulfilled its obligations under the contract in all material respects.