Markforged to Merge with One and Go Public on New York Stock Exchange

Markforged, the creator of the Digital Forge, an integrated metal and carbon fiber additive manufacturing platform, has announced that it has entered a definitive agreement to merge with one, a special purpose acquisition company founded and led by technology industry veteran Kevin Hartz. The goal of the merger is to have the combined company go public on the New York Stock Exchange under the retained Markforged name. Recently, the 3D printing industry has shown its dynamism, with acquisitions and mergers throughout the beginning of 2021. Markforged, one of the major players in the industry, adds to this with this announcement.

Markforged is already an established name in the 3D printing industry. According to the company, their products are already in 10,000 facilities across 70 countries and they have printed more than 10 million parts. They are involved in the entire product development lifecycle, and have more than 170 issues and pending patents. They have shown a strong track record of growth since their founding, generating a revenue of approximately $70 million in 2020. Kevin Hartz, Founder and CEO of one, clearly agreed, commenting, “Markforged has already reinvented the additive manufacturing industry and is well-positioned for robust growth benefiting from the velocity of digitization. We’re thrilled to be working closely with the entire Markforged team, comprised of highly engaged founders, visionary leaders and world-class engineers, uniquely positioned to lead a revolution in modern manufacturing.”

One of Markforged’s 3D printers (photo credits: Markforged)

In general, it is clear that the additive manufacturing industry is growing rapidly, with it expected to be worth $18 billion in 2021 and projected to reach $118 billion in 2029. This past month, we have also seen dynamic movement in the industry, with acquisitions and mergers, such as Stratasys acquiring RPS, Protolabs acquiring 3DHubs and stocks soaring. Business reports covering the 2020 period have also shown that investments in AM have paid off, as AM continues to be one of the few industries that not only was not as negatively affected by COVID-19, but that also managed to grow in this time.