The office metal officially leaves the market, announcing the end of an era.
On April 2, 2025, a major 3D printing transaction was officially launched – the Israeli 3D printing company Nano Dimension announced the completion of an acquisition of all the American Metal 3D Printing Company Metal, with a total amount of $ 179 million.
Once upon a time, Desktop Metal was one of the most dazzling star companies in the field of 3D printing and a player representative of the craze of the Spac capital. Today, the company has been acquired by Nano Dimension and withdrew from the New York Stock Exchange, ending its last trip as a listed company. Voxeljet, Shapeways and Velo3D, which were in the same period, were either bankrupt or delimited, and Markforged is also on the path of acquisition.
It is not only a fusion, but also a heavy hammer, which rings with the bell so that the 3D printing industry “to return rationally”.
An acquisition, from court to à la carte
The acquisition began to brew on at the end of last year, but that was not well. In December 2024, the office metal took the lead by pursuing Nano Dimension, accusing the other party of not actively cooperating to obtain regulatory approval and delay the merger process.
After several months of play, the court decided to support the office metal, which thus obtained the initiative for negotiations. In the end, under the double promotion of law and capital, the two parties finally finished the transaction. From this morning, the office metal was struck off from the New York Stock Exchange and has officially become a subsidiary in exclusive ownership of Nano Dimension.
The board of directors is “reworked”, the founder Ric Fulop withdrew from the headquarters of the board of directors
Once the transaction has been completed, all members of the board of directors of the office office resigned, including the founder and CEO RIC FULOP. Although he will stay in office, he will no longer have a board of directors. Ofir Baharav and Julien Lederman from Nano Dimension will take over as new administrators to promote subsequent integration efforts.
“This acquisition is an important step in our transformation journey. The new team will focus on achieving sustainable profitability and driving products and resources to focus in the most promising directions,” said Baharav.
He once had a market value of almost $ 5 billion, but now is it only 179 million?
The transaction is estimated at 179.3 million US dollars, and the market value of office metal was close to 5 billion US dollars in the first stages of the SPAC list in 2021, which is undoubtedly a huge “value report”. The transaction is an acquisition of any-low, where metal office shareholders will receive a cash return of $ 5.295 per share, but will no longer hold shares in the merged company. The stock will be officially struck off on April 14.
For shareholders, it is a kind of “clean exit”, but it also means that if the company is developing in the future, the original shareholders will not be able to benefit from it.
Nano plan: Layoffs? Integration? Profit is the net profit
According to data provided by Nano Dimension, the merged company should exceed the income of $ 200 million in 2024, and its commercial segments cover several directions such as electronic 3D printing, micromulation and metallic printing. However, this also means that the office metal will enter the deep integration phase. Nano clearly indicated that it would examine its commercial structure, its range of products and its staff structure and makes adjustments if necessary.
The new management team has proposed the “four main strategic objectives”:
1. Guarantee cash expenses and risk expenditure;
2. Concentrate on technologies that can bring real feedback;
3. Improve operational efficiency and beneficiary margins;
4. Strengthen customer grip and build an irreplaceable service system.
In a word: it’s time to survive technology that really earns money.
Markforged is still in the target?
In addition to the office metal, Nano Dimension announced in September 2024 that it planned to acquire Markforged for $ 5 per cash action. Although the official was silent thereafter, Nano recently mentioned the plan and said that more details will be disclosed during subsequent updates. The agreement is still pending.
This acquisition is not only a capital operation, but also a signal for the entire 3D printing industry: the wave of space has decreased, the evaluation returned to rationality; The profits have become the nucleus, and the era of the narration leaves; The integration of the fort and the formation of a closed loop technology will become the general public.
The Nano Dimension combines technologies such as electronic printing, micro-am, metal and adhesive spraying in a complete ecosystem through a series of acquisitions. This could become a model for the future development of additive manufacturing companies.
What do you think of this transaction?
Will Nano Dimension be the next industry giant?
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