I thought that this 3D printing acquisition affair should have been settled a long time ago, but I did not expect the intrigue to be so high and stockings.
On March 26, 2025, according to the resource database, the United States Court of Equity Delaware recently ruled on the merger dispute between the office metal and the Nano dimension, noting that the nano-dimension seriously violated the merger agreement signed by the two parties on July 2, 2024, and rejected the request for the request for the request for request by Nano Dimension. The decision means that the office metal wins the entire trial.
On July 3, 2024, Nano Dimension and Desktop Metal announced a final agreement. Under the agreement, Nano Dimension acquires all the shares in CASH Desktop Metal, with a total amount between 135 and 183 million dollars. However, the progress of the acquisition is considerably delayed from the original plan.
On December 21, 2024, Desktop Metal filed a complaint against Nano Dimension before Delaware Equity Court, accusing the latter of not having fulfilled the obligations set out in the merger agreement, that is to say not to do its best to obtain regulatory approval as soon as possible.
According to the decision of a court on March 24, 2025, non-compliance with Nano Dimension to fulfill the main obligations of the agreement constitutes a serious breach of contract. The court asked Nano Dimension to sign a national security agreement with the American Commission on Foreign Investment (CFIUS) within 48 hours of the verdict, the final procedure for the merger.
In addition, the court also judged that if the parties do not finish the merger by March 31, 2025, the office metal may decide to extend the date of termination of the agreement until the transaction is completed.
It should be mentioned that the initial thrust of the merger agreement was Yoav Stern, then CEO of Nano Dimension, and Ric Fulop, CEO of Desktop Metal. However, since the signing of the agreement, there have been significant changes in the management of Nano dimensions, with several members of the board of directors. Subsequently, Julien Lederman, former vice-president of business development, was appointed interim CEO, responsible for the recent acquisition strategy.
Nano Dimension replied that the trial has no legal basis and has obvious conflicts with the terms of the merger agreement, in particular in terms of CFIUS review, Nano Dimension believes that the company has a legitimate interest. The company has declared that the trial is essentially an attempt at office metal to deprive its rights in the agreement and to unilaterally impose the obligations and restrictions of time outside the agreement, and Nano Dimension will actively carry out legal defenses to protect its own interests.
Currently, Desktop Metal says that he will advance the transaction as soon as possible, but apparently, Nano Dimension hesitates, or he hopes to acquire office metal at a lower price.
