Stratasys will no longer be acquiring MarkForged from Nano Dimension after the companies agreed to terminate the deal.
Earlier this year, the two companies agreed to an all-cash transaction worth 42.5 million USD, which would see Stratasys integrate MarkForged.
But it has since become apparent to both parties, a Stratasys statement read, that the regulatory process is set to be longer and more expensive than initially anticipated.
The agreement established in May of this year was subject to customary closing conditions and regulatory approvals, which they expected to be completed before the end of the year. By November, the two companies agreed those hurdles were unlikely to have been cleared by the start of 2027, and so have terminated the acquisition deal.
Stratasys was set to purchase MarkForged's polymer, composite and metal extrusion portfolio, with the metal binder jetting line MarkForged had previously acquired from Digital Metal to remain with Nano Dimension. The hope for Stratasys was that the MarkForged offering would strengthen its hardware, materials, and software offering, while also enhancing its distribution channel. It saw opportunity in aerospace and defence for the composite AM technology, with demand for lightweight, high-strength, and production-ready components said to be on the rise.
"The transaction was intended to complement our existing capabilities, but does not change the strength or direction of our standalone business," a Stratasys statement distributed after the termination of the MarkForged deal read. "Stratasys moves forward with greater focus and flexibility to execute on our strategic priorities and continue to advance additive manufacturing across our key end markets."
With Nano Dimension exploring pivots away from the additive manufacturing industry, MarkForged's future remains unclear.
TCT has reached out to Nano Dimension for comment.
