Nano Dimension Completes $179.3 Million Desktop Metal Merger

Nano Dimension has successfully completed its acquisition of Desktop Metal, a significant move in the additive manufacturing sector. The merger, valued at approximately $179.3 million, will allow the combined companies to anticipate revenues exceeding $200 million for the year 2024. Following the merger, Desktop Metal's shares have been converted into cash, and its stock will be delisted from the New York Stock Exchange, marking a significant restructuring within the company. This acquisition comes amid a competitive landscape where various companies are vying for dominance in 3D printing technology. Nano Dimension's leadership expressed a strategic vision for integrating Desktop Metal's assets, despite previous management changes and challenges related to the deal. The merger is expected to enhance the scale and customer base of Nano Dimension significantly.