Nano Dimension wraps acquisition of Desktop Metal

April 2, 2025

The deal—first announced last summer but valued at closing this week at $179.3 million, or $5.295 per share—was finalized following regulatory approvals and satisfaction of closing conditions and marks the latest seismic shift in the additive manufacturing space in two years.

Scott Achelpohl

Geert De Lombaerde

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.

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.

The combined company “will have global operations designing and delivering a complementary portfolio of advanced manufacturing solutions, including capital equipment, materials, and software, for design-to-manufacturing of sophisticated electronics, mechanical, and medical applications,” their release said, which added that the deal was completed under a new board of directors and management team from when the merger agreement was signed in July 2024.

“The completion of the Desktop Metal acquisition represents a significant opportunity,” said Ofir Baharav, Nano’s chairman. “We are excited about the ability to offer leading customers more innovative technologies.”

Baharav added: “Our commitment to shareholders is straightforward: disciplined capital management, prioritization of resources to areas that will drive meaningful returns, aggressive margin improvement through operational efficiencies, and a relentless focus on building the customer relationships that will sustain our business for the long term.”

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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.

During a March 18 preview webinar, Wohlers Associates rolled out its new report, which among other details showed its projections of the size of the additive manufacturing market by 2034.

Wohlers Associates saw worldwide revenues from additive manufacturing rising to $21.9 billion last year but reported fluctuation in key regions such as EMEA and the Americas.

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.

About the Author

Scott Achelpohl

I've come to Smart Industry after stints in business-to-business journalism covering U.S. trucking and transportation for FleetOwner, a sister website and magazine of SI’s at Endeavor Business Media, and branches of the U.S. military for Navy League of the United States. I'm a graduate of the University of Kansas and the William Allen White School of Journalism with many years of media experience inside and outside B2B journalism. I'm a wordsmith by nature, and I edit Smart Industry and report and write all kinds of news and interactive media on the digital transformation of manufacturing.

About the Author

Geert De Lombaerde | Senior Editor

A native of Belgium, Geert De Lombaerde has more than 25 years of business journalism experience and writes about public companies, markets and economic trends for Endeavor Business Media publications IndustryWeek, FleetOwner, Oil & Gas Journal, T&D World and Healthcare Innovation. He also curates the twice-monthly Market Moves newsletter that showcases Endeavor stories on strategy, leadership and investment.

With a degree in journalism from the University of Missouri, he began his reporting career at the Business Courier in Cincinnati, initially covering retail and the courts before shifting to banking, insurance and investing. He later was managing editor and editor of the Nashville Business Journal before being named editor of the Nashville Post in early 2008. There, he oversaw the Post's online and print products, helped plan and produce events and reported primarily on Middle Tennessee’s finance sector as well as many of its publicly traded companies.