Nano Dimension to Acquire Markforged in $115 Million Deal

Dow Jones09-25

By Dean Seal

Nano Dimension has agreed to acquire Markforged for $115 million in cash.

The 3D-printing company said Wednesday that it would pay $5 a share for the additive manufacturing firm, representing a 72% premium to Tuesday's closing price.

Shares surged 75% to $4.78 in early trading.

Nano Dimension said the purchase, along with the acquisition of Desktop Metal in July, is poised to make it an industry leader in digital manufacturing with a strong balance sheet and $475 million in cash and cash equivalents.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

September 25, 2024 11:09 ET (15:09 GMT)

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