Nano Dimension is aiming to acquire another publicly traded additive manufacturing company. And it might be just the beginning of their plans to take over 3D printing.
What’s happening:
- Nano Dimension (NASDAQ: NNDM) has entered into an agreement to purchase 3D printing and additive manufacturing company Markforged (NYSE: MKFG)
Why it matters:
- Nano Dimension previously made waves when they announced their intent to acquire Desktop Metal in an effort to become one of the largest publicly traded additive manufacturing and 3D printing companies in the world
- 3D printing is highly important for many emerging areas of technological innovation, including robotics, aerospace and healthcare
By the numbers:
- The deal to acquire Markforged is worth $115M USD
- Following the acquisition of Markforged, Nano Dimension will have nearly $475M USD in cash
Going deeper:
- Markforged has made significant breakthroughs in developing leading edge 3D printers, recently launching the world’s first 3D printer capable of printing both metal filaments and composites with continuous fibre reinforcement
- Nano Dimension’s deals to acquire Desktop Metal and Markforged are both for all cash, without any equity based payments of any kind
