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Nano Dimension to Acquire Desktop Metal in a $183 Million All-Cash Deal

PUBLIC · NNDMJul 05, 2024

Acquiring Company

Nano Dimension Ltd

Acquired Company

Desktop Metal

BurlingtonBurlingtonManufacturingInformation TechnologySoftwareElectronicsOtherManufacturingInformation Technology

Description

Nano Dimension Ltd. has entered into a definitive agreement to acquire Desktop Metal for $183 million in cash. The combined company plans to focus on industries like automotive, aerospace, defense, industrial, medical, and research to grow its customer base.

Company Information

Company

Nano Dimension Ltd

Location

Burlington, Massachusetts, United States

About

Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere. Nano Dimension’s strategy is driven by the application of deep learning based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud. Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision. Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit www.nano-di.com.

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Frequently asked

Who acquired Desktop Metal?

Desktop Metal was acquired by Nano Dimension Ltd, based in Burlington. The deal was reported on July 5, 2024. Nano Dimension Ltd is publicly traded (NNDM) and operates in Manufacturing.

When did Nano Dimension Ltd acquire Desktop Metal?

Nano Dimension Ltd's acquisition of Desktop Metal was reported on July 5, 2024. Nano Dimension Ltd. has entered into a definitive agreement to acquire Desktop Metal for $183 million in cash. The combined company plans to focus on industries like automotive, aerospace, defense, industrial, medical, and research to grow its customer base. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Desktop Metal do?

Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. It is privately held, operating in Other, and is based in Burlington.

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