Yoav Stern, Nano Dimension’s CEO and member of the board of administrators, stated: “Our mixture with Desktop Metallic is one other step in Nano Dimension’s evolution to develop into the chief in digital manufacturing, with capabilities in mass manufacturing for important industrial purposes.
“We’re excited to affix forces with a superb group of expertise 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 crew to drive worth for all our stakeholders, together with creating alternatives for our staff as half of a bigger, extra diversified international modern firm, driving buyer assist and producing long-term worth creation for shareholders as we give attention to worthwhile progress.”
Ric Fulop, Desktop Metallic’s co-Founder and CEO, stated: “We’re excited to carry collectively our pioneering, complementary product portfolios that can additional improve our capability to serve our clients in high-growth industries with a extra full providing of digital manufacturing applied sciences for steel, electronics, casting, polymer, micro-polymer and ceramics purposes.
“We look ahead to working with Nano Dimension to affix two nice firms and their devoted groups that may serve our stakeholders to the utmost extent attainable.”
The 2 firms stated the transaction combines the strengths of every firm throughout different finish user-applications, additive manufacturing (AM) applied sciences and materials protection to create the broadest product portfolio throughout steel, electronics, casting, polymer, micro-polymer and ceramics.
Nano is a identified chief in 3D-printed electronics and high-performance polymer, ceramic and steel purposes, with a strong software program platform pushed by DeepCube’s deep learning-based AI, whereas Desktop Metallic maintains platforms targeted on industrial-volume scale purposes of steel and polymer with proprietary supplies, software program, and sintering options.
They stated it would additionally speed up trade transition to mass manufacturing. The union of the 2 firms will create a long-term enterprise and a frontrunner in 3D print via modern 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 complete gamut of buyer wants from prototyping to manufacturing throughout a spread of important and high-performance medical and electronics purposes in industrial and high-performance supplies.
The mixed firm is anticipated to have the ability to broaden alternatives to cross-sell to its present clients in addition to to develop its general buyer base with optimized buyer acquisition capabilities and joint go-to-market methods, together with concentrating 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 spread 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 targeted 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 providers and consumables providing.
Collectively, they stated the mixed firm may have a powerful monetary profile and money reserves, to assist a path to profitability and strategic initiatives. The mix will allow pooling of sources in administration, gross sales, advertising and marketing and R&D and generate efficiencies and value financial savings alternatives, whereas enhancing R&D and innovation capabilities.
The transaction, which was unanimously authorized by the boards of administrators of each firms, is anticipated to shut within the fourth quarter of 2024, topic to the satisfactio
