Nano Dimension And Markforged Have Entered Into A Definitive Agreement Pursuant To Which Nano Dimension Will Acquire All Outstanding Shares Of Markforged In An All-Cash Transaction For $5.00 Per Share; Will Have The Scale And Capital To Drive To Profitable Expansion With A Combined 2023 Revenue Of $340M; Cash & Cash Equivalents Expected At Close Of ~$475M

Merging of Nano Dimension with Desktop Metal and Markforged Will Have the Scale and Capital to Drive to Profitable Expansion With a Combined 2023 Revenue of $340M

Cash & Cash Equivalents Expected at Close of ~$475M

The Combined Company Further Increases Value Creation Opportunity With an Even Broader AM/3D Printing Portfolio
Technologies Intended for True Manufacturing Applications

Nano Dimension and Markforged to Hold Joint Investor Call to Discuss the Transaction Tomorrow, Thursday, September 26th, at 8:30 AM ET

WALTHAM, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension") and Markforged Holding Corporation (NYSE:MKFG) ("Markforged") today jointly announced that they have entered into a definitive agreement pursuant to which Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction for $5.00 per share.

In acquiring Markforged, Nano Dimension is acquiring a company with scale and efficiency. Markforged's 2023 revenue was $93.8 million with a 47.4% gross margin and 48.6% non-GAAP gross margin, and a second quarter of 2024 gross margin of 48.3% and non-GAAP gross margin of 51.9%, with potential to expand further. The combined company post-closing, including both Desktop Metal and Markforged, is expected to have a strong balance sheet with a total expected cash & cash equivalents, which includes marketable securities, of $475 million.