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Nano Dimensionannounced plans Wednesdayto get Desktop Metal . The all right financial inside information are still being worked out , with the sale price at last wander anywhere from $ 135 million to $ 183 million . At the in high spirits end , the deal score more than a 27 % premium over Desktop Metal ’s close price .
The news show brings cloture tomore than two years of volleyingback and forth between some of the biggest names in additive manufacturing . After the once cerise - red-hot Desktop Metal underwent a 12 % staff cut in July 2022 , Nano Dimension acquired 12 % of industrial three-D printing giant ( and MakerBot owner ) Stratasys . Last year see Nano Dimension dealing with its own shareholder drama , as Desktop Metal go through another unit of ammunition of layoffs .
A few month later , Nano Dimension made a play to take over Stratasys , which the latter reject . Within a month , Stratasys and Desktop Metal announced merger plans . 3D System followed the news with its own command to acquire Stratasys . Multiple skill offers from both Nano Dimension and 3D Systems arrived — and were pass up — in the interpose calendar month . The Stratasys / Desktop Metal mass fell through in September .
diligence publication TCT Magazine , which has covered the entire operatic saga close , spoke to Desktop Metal CEO Ric Fulopthat same month .
“ We ’re 100 % independent . Our company is not for sale . adverse to what masses make up , if you look at our cash military position and our expenses , snuff it into our first profitable quarter with around $ 100 million , ” Fulop said at the time . “ We do n’t need to deal our company , we like our fellowship . And we were n’t selling our company , we were merging our company , we were going to remain work at the company . So , I would say our goal go forth is to grow Desktop Metal independently and make it the best society in aggregated yield in linear . ”
Eight months afterwards , Fulop sounds positive about the Nano Dimension news . He notes in a statement :
We ’re excited to work together our pioneering , complementary Cartesian product portfolios that will further enhance our ability to service our customers in high - growth industries with a more complete offer of digital manufacturing engineering science for metal , electronics , casting , polymer , micro - polymer and ceramics program . We look forward to work with Nano Dimension to join two great companies and their devoted teams that can serve well our stakeholders to the maximum extent possible .
According to Nano Dimension , the deal was “ unanimously O.K. ” by both companies ’ boards of directors . Nano Dimension plans to pay off for the deal using cash on hand , once it closes in Q4 of this class .
