Yoav Stern, Nano Dimension’s CEO and member of the board of administrators, mentioned: “Our mixture with Desktop Metallic is one other step in Nano Dimension’s evolution to change into the chief in digital manufacturing, with capabilities in mass manufacturing for crucial industrial purposes.
“We’re excited to affix forces with a superb group of know-how leaders, all of whom share our imaginative and prescient for reworking manufacturing to Digital Business 4.0.
“I look ahead to working with Ric Fulop and his workforce to drive worth for all our stakeholders, together with creating alternatives for our staff as half of a bigger, extra diversified world progressive firm, driving buyer assist and producing long-term worth creation for shareholders as we concentrate on worthwhile development.”
Ric Fulop, Desktop Metallic’s co-Founder and CEO, mentioned: “We’re excited to carry collectively our pioneering, complementary product portfolios that may additional improve our capability to serve our clients in high-growth industries with a extra full providing of digital manufacturing applied sciences for metallic, electronics, casting, polymer, micro-polymer and ceramics purposes.
“We look ahead to working with Nano Dimension to affix two nice corporations and their devoted groups that may serve our stakeholders to the utmost extent potential.”
The 2 corporations mentioned the transaction combines the strengths of every firm throughout various finish user-applications, additive manufacturing (AM) applied sciences and materials protection to create the broadest product portfolio throughout metallic, electronics, casting, polymer, micro-polymer and ceramics.
Nano is a recognized chief in 3D-printed electronics and high-performance polymer, ceramic and metallic purposes, with a sturdy software program platform pushed by DeepCube’s deep learning-based AI, whereas Desktop Metallic maintains platforms centered on industrial-volume scale purposes of metallic and polymer with proprietary supplies, software program, and sintering options.
They mentioned it’ll additionally speed up trade transition to mass manufacturing. The union of the 2 corporations will create a long-term enterprise and a frontrunner in 3D print by way of progressive options that drive the transition from prototyping to mainstream tooling and end-use half manufacturing.
The mixed firm would be the first AM supplier masking the total gamut of buyer wants from prototyping to manufacturing throughout a variety of crucial and high-performance medical and electronics purposes in industrial and high-performance supplies.
The mixed firm is anticipated to have the ability to develop alternatives to cross-sell to its present clients in addition to to develop its total buyer base with optimized buyer acquisition capabilities and joint go-to-market methods, together with focusing on clients with complementary choices in shared key markets within the automotive, aerospace/protection, industrial, medical and R&D/academia industries.
Collectively, the mixed firm will serve a variety of trade verticals with blue-chip clients together with Amazon, Caterpillar, Fraunhofer Institute, NASA, Raytheon, REHAU, Tesla, Thermo Fisher Scientific, Toyota, the US Military and extra.
Collectively, Nano Dimension’s and Desktop Metallic’s portfolio will probably be centered on high-tech options that generate premium margins and are supported by an put in machine base of over 8,000 programs, representing important alternatives for recurring income technology from a bigger companies and consumables providing.
Collectively, they mentioned the mixed firm can have a powerful monetary profile and money reserves, to assist a path to profitability and strategic initiatives. The mixture will allow pooling of sources in administration, gross sales, advertising and R&D and generate efficiencies and value financial savings alternatives, whereas enhancing R&D and innovation capabilities.
The transaction, which was unanimously authorised by the boards of administrators of each corporations, is anticipated to shut within the fourth quarter of 2024, topic to the satisfactio