Nano Dimension Announces Intended Acquisition of Desktop Metal

The tumultuous merger discussions have once again come to a head. After hearing from Yoav Stern, Nano Dimension’s Chief Executive Officer, last week at RAPID + TCT 2024, it was clear that the company intended to move towards one goal, as he repeatedly stated that consolidation was the only way for the additive manufacturing industry to continue to move forward. Now that has been proven as fact as Nano Dimension has announced its intention to acquire Desktop Metal.

In the announcement, Stern explains, “Our combination with Desktop Metal is another step in Nano Dimension’s evolution to become the leader in digital manufacturing, with capabilities in mass manufacturing for critical industrial applications. We’re excited to join forces with an excellent group of technology leaders, all of whom share our vision for transforming manufacturing to Digital Industry 4.0.” Could this be the final culmination (and possibly most logical conclusion) of a saga lasting over a year for the companies?

The Studio System from Desktop Metal (photo credits: Desktop Metal)

The Acquisition of Desktop Metal by Nano Dimension

In a press release jointly released by Nano Dimension and Desktop Metal, the companies announced that they have entered into a definitive agreement wherein Nano Dimension will acquire all outstanding shares of Desktop Metal. This all-cash transaction will be for $5.50 per share, subject to possible downward adjustments of $4.07 per share.