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U.S. 3D printer maker Markforged (MKFG) entered into a definitive merger on September 25, 2024, to be acquired by Nano Dimension (NNDM) for $115 million in cash, to create a leader in the 3D printing industry.
Under the terms of the agreement, Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction for $5.00 per share, representing an 83.15% premium from the stock’s last close.
Markforged is a company that makes 3D printers and materials for industries like aerospace, defense, and automotive, helping them quickly produce strong, reliable parts when needed.
Nano Dimension is also a provider of advanced additive manufacturing solutions, offering 3D printers, robotics, and materials for producing high-performance electronic devices and components.
Nano Dimensions is already going through a merger with its peer Desktop Metal (DM) for $183 million, which it entered in July and is expected to close in the fourth quarter of 2024.
Through this acquisition, which is expected to close in the first quarter of 2025, Nano Dimension expects to form a combined company, including both Desktop Metal and Markforged.
The combined company is expected to have a strong balance sheet with cash of $475 million and a combined revenue of $340 million.
Markforged’s current EV/Sales (TTM) ratio is 0.26, below the sector median of 1.96.
For a deeper understanding of this merger and acquisition transaction, please visit the following link:
Deal Metrics of the acquisition Markforged Holding Corporation (MKFG) by Nano Dimension Ltd. (NNDM)
The Deal Metrics page for this merger includes:
Disclaimer: This article is for informational purposes only. Please conduct your own due diligence before making any investment decisions based on this information. We do not guarantee the accuracy or completeness of the data or content provided herein.
Editor’s Note: Baranjot Kaur contributed to this article