Nano Dimension's stock (NNDM) surged 5.04% on October 16th, 2024, following the company's announcement of its upcoming Annual General Meeting (AGM) and update on strategic initiatives that have positioned it for accelerated growth and profitability.
Over the past year, Nano Dimension has made significant strides under the guidance of its Board of Directors and management team. Notably, the company has entered into transformational mergers and acquisitions agreements to acquire Desktop Metal and Markforged Holding Corporation. These deals are expected to close in the fourth quarter of 2024 and first quarter of 2025, respectively.
The acquisitions of Desktop Metal and Markforged are expected to create a market leader in additive manufacturing and Industry 4.0 digital manufacturing solutions. By combining forces with these companies at compelling valuations, Nano Dimension aims to strengthen its value proposition for shareholders, customers, and employees while accelerating its path to profitability.
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