Nano Dimension wraps acquisition of Desktop Metal
What you’ll learn:
- The Nano Dimension acquisition of Desktop Metal was first announced in July.
- The deal is the latest in a chaotic two years for the additive manufacturing market.
- It’s been almost two years since Stratasys, the largest company in the AM space, bid $1.8 billion for Desktop Metal, but Nano’s purchase of the company, finalized April 2, was valued at much less, $179.3 million.
A headlining additive manufacturing merger completed this week when Israeli 3D printing company Nano Dimension revealed April 2 that it had finished the acquisition, first announced in July, of additive manufacturing specialist Desktop Metal.
It was almost two years ago that Stratasys, the largest company in the AM space, bid $1.8 billion for Desktop Metal. Nano Dimension had tried to buy Stratasys while that company was trying to purchase Desktop Metal, illustrating the jockeying for position in the additive market.
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The deal closed this week was valued at $179.3 million, or $5.295 per share.
Combined, Nano Dimension and Desktop Metal expect revenue for 2024 ended Dec. 31 of more than $200 million, based on unaudited full-year results, according to an April 2 release from Nano Dimension, whose U.S. headquarters is based in Waltham, Massachusetts.
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Wohlers shows 9.1% AM industry growth
Despite the change and the last two years’ worth of jockeying for position in the additive market, a respected annual report, the Wohlers Report 2025, pegged global growth in AM at more than 9% overall to $21.9 billion, with most of the surge attributed to development of AM in Asia and China.
In Europe and the Middle East (the EMEA region) and the Americas, however, AM markets have grown slightly or even shrunk some, according to the new Wohlers Report, put out by Fort Collins, Colorado, and Washington, D.C.-based consultants and longtime AM market observers Wohlers Associates.
While the AM system manufacturer sector declined, their report, published for 30 straight years, showed growth in the service provider, software, and material sectors.
Shares of Nano Dimension (Ticker: NNDM) were down slightly to about $1.55 in morning trading on April 2. The shares had been changing hands above $2 before a late March ruling in Delaware ordering the completion of the Desktop Metal deal, but Nano’s shares have now lost a third of their value over the past six months.
That slide in the company's shares has cut its market capitalization to about $340 million. Less than four years ago, that figure topped $2 billion.