Shares of Nano Dimension Ltd. (NNDM) surged by 5.43% on Tuesday, September 25, 2024, following the announcement of its plan to acquire Markforged Holding Corporation (MKFG) in an all-cash deal valued at $115 million.
Under the terms of the agreement, Nano Dimension will acquire all outstanding shares of Markforged for $5.00 per share, representing a substantial 71.8% premium over Markforged's previous trading price. The acquisition is expected to create a leading player in the additive manufacturing (AM) industry, combining Nano Dimension's existing strengths with Markforged's innovative materials and solutions for true production applications.
The combined company is poised to offer a comprehensive portfolio of 3D printing technologies and materials, catering to various industries and enabling end-to-end manufacturing solutions. By bringing together their complementary product offerings, Nano Dimension aims to better serve customers in high-growth industries with a more complete offering across different fields.
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