Nano Dimension Ltd. (“Nano Dimension” or the “Company”), a leader in Digital Manufacturing solutions, announced the completion of its acquisition of Markforged Holding Corporation ("Markforged"), proving the Company a strong foothold in metal and composite manufacturing solutions and a leap forward in AI-enhanced manufacturing. The transaction, valued at $116 million or $5.00 per share, was finalized following necessary regulatory approvals and satisfaction of customary closing conditions.
Mr. Ofir Baharav, Chief Executive Officer of Nano Dimension, commented: “Nano Dimension remains firmly committed to its vision: building a preeminent digital manufacturing leader. Completing the Markforged acquisition is a major milestone in fulfilling that vision. With proven metal and composite solutions that tightly integrate hardware, cloud-based AI-enhanced software, and materials science, Markforged has played a critical role in manufacturing on factory floors worldwide. Its install base of over 15,000 systems across leading industrial customers can serve as a strong platform for expanding Nano Dimension’s reach. While Markforged solutions have achieved nearly 50% gross margin, we will continue to take clear, decisive steps to drive profitability and strengthen our capital position in the quarters ahead.”
Accelerating Leadership in Production Line Manufacturing
With this acquisition, Nano Dimension significantly enhances its position in the design-to-manufacturing of high-performance, high-value metal and composite parts directly where they matter most - on the manufacturing floor. Markforged is a leader not only in exceptional manufacturing systems and materials science, but also in cloud-based services and machine learning based AI manufacturing. AI enhancements uniquely address a critical manufacturing imperative: the precise and consistent replication of designed parts on the production line. Nano Dimension is committed to rapidly integrating and deploying these cutting-edge capabilities across its extensive portfolio of digital manufacturing solutions.
Markforged’s 15,000+ systems are deployed at global leaders across key industries including aerospace & defense, automotive, consumer electronics, industrial automation, and medical technology, along with government organizations. Their premium solutions have become critical for rapid manufacturing, re-shoring, supply chain resilience, IP security, and sustainability.
In 2024, Markforged generated over $85 million in annual revenue with non-GAAP gross margins of approximately 50%.
Leadership’s Continued Focus
As announced on March 26, 2025, Nano Dimension launched a comprehensive strategic assessment, with a particular focus on its core business and recent acquisitions. This effort reflects our commitment to delivering shareholder value through a strategy centered on:
- Maintaining Financial Strength: Ensure a robust capital base.
- Driving Profitable Growth: Focus on products and services based on innovative technology with a growth outlook that can deliver financial results.
- Growing Margins: Achieve economic efficiencies in manufacturing, operations, supply chains and information systems.
- Building Indispensable Customer Partnerships: Deliver solutions that make Nano Dimension a critical manufacturing partner.
Appointment of New Chief Financial Officer
Assaf Zipori, who has been Chief Financial Officer of Markforged, was appointed as Nano Dimension’s new Chief Financial Officer on April 24, 2025 .
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