Nano Dimension has entered into a definitive agreement to acquire Desktop Metal in an all-cash transaction valued at $5.50 per share, representing a total consideration of $183 million. The purchase price may be adjusted downward to $4.07 per share based on transaction expenses and potential loan facility draws, resulting in a minimum total consideration of $135 million.The combined company will create a leader in additive manufacturing with 2023 revenue of $246 million, of which 28% comes from recurring revenue. The merger unites complementary product portfolios across metal, electronics, casting, polymer, micro-polymer, and ceramics applications, serving blue-chip customers in automotive, aerospace, defense, industrial, and medical sectors. The transaction is expected to generate over $30 million in run-rate synergies.The deal, unanimously approved by both boards, is expected to close in Q4 2024, subject to Desktop Metal shareholder approval and regulatory clearances. Nano Dimension will finance the transaction using cash on hand, with the combined company projected to have $665-680 million in cash post-transaction. Desktop Metal's outstanding $115 million convertible notes will require repurchase offers upon closing.

Nano Dimension has entered into a definitive agreement to acquire Desktop Metal in an all-cash transaction valued at $5.50 per share, representing a total consideration of $183 million. The purchase price may be adjusted downward to $4.07 per share based on transaction expenses and potential loan facility draws, resulting in a minimum total consideration of $135 million.The combined company will create a leader in additive manufacturing with 2023 revenue of $246 million, of which 28% comes from recurring revenue. The merger unites complementary product portfolios across metal, electronics, casting, polymer, micro-polymer, and ceramics applications, serving blue-chip customers in automotive, aerospace, defense, industrial, and medical sectors. The transaction is expected to generate over $30 million in run-rate synergies.The deal, unanimously approved by both boards, is expected to close in Q4 2024, subject to Desktop Metal shareholder approval and regulatory clearances. Nano Dimension will finance the transaction using cash on hand, with the combined company projected to have $665-680 million in cash post-transaction. Desktop Metal's outstanding $115 million convertible notes will require repurchase offers upon closing.