According to Zhitong Finance app, Nano Dimension (NNDM.US) announced on Wednesday that it will acquire Desktop Metal (DM.US) in all-cash transactions at a price of $5.50 per share, and the price per share may be lowered to $4.07. The completion of the transaction depends on certain transaction conditions, including the approval of Desktop Metal shareholders and the necessary regulatory approvals.

The transaction price is $5.50 per share, which is a 27.3% premium over Desktop Metal's closing price and a 20.5% premium over the 30-day VWAP as of July 2, 2024. The total price is approximately $183 million and may be lowered to $4.07 per share or a total price of $135 million.

If Desktop Metal chooses to use the $20 million guarantee loan mechanism (which Nano Dimension promises to provide if the completion time of the transaction is extended to 2025), the acquisition price may be adjusted according to the transaction cost.

If all cuts occur, the acquisition price will be $4.07 per share, with a total consideration of $135 million.

The merged company is expected to generate synergies of over $30 million in operating rates over the next few years, and will also save the respective costs of the two companies.

The two companies said: "This transaction combines the strengths of the two companies in different end-user applications, additive manufacturing technology, and material coverage, creating the broadest product portfolio covering metal, electronics, casting, polymers, micro polymers, and ceramics."