Stratasys has reached a definitive agreement to acquire MarkForged from Nano Dimension in an all-cash transaction valued at $42.5 million.
The deal, which is subject to customary closing conditions and regulatory approvals, is expected to close in the second half of 2026. It does not include Markforged's Metal Binder Jetting product line, which Nano Dimension will retain, but does include the Boston-based company's polymer, composite and metal extrusion portfolio.
Per Stratasys, the transaction bolsters Stratasys' hardware, materials and software offering, while also enhancing its distribution channel and creating cross-sale opportunities. Stratasys says it will now be more 'effectively positioned' to meet growing demand for lightweight, high-strength, and production-ready components that address modern requirements for supply chain resilience and manufacturing agility.
In particular, Stratasys expects MarkForged's continuous carbon fibre offering to support aerospace and defence use cases across tooling, fixtures, ground support equipment, and select production parts, offering 'mechanical performance and speed that complement traditional manufacturing methods.'
Other benefits of the transaction, from Stratasys' perspective, are their complementary software capabilities - MarkForged has 'deep expertise in customer-centric workflows and integrated ecosystems,' per Stratasys - and their common competencies around materials development.
The acquiring company also expects accretion to gross margins and to realise meaningful cost synergies, along with positive EBITDA contribution. Last year, MarkForged generated approximately $70 million in revenue, though this does include revenue accrued from its metal binder jetting business.
“This acquisition further advances our capabilities to meet customers’ growing needs in critical areas such as defence and aerospace at a time when additive manufacturing continues to displace traditional manufacturing for high-requirement applications in production,” said Dr. Yoav Zeif, Chief Executive Officer of Stratasys. “We believe that our teams can immediately reinvigorate revenue growth by adding MarkForged, Inc.’s products and software systems as we leverage our leading partner networks. We are confident this transaction will strengthen Stratasys’ position in many of the largest and most structurally critical industries where performance, supply chain resilience, reliability, and scalability are essential.”
For Nano Dimension, the sale represents 'another major step' in its three-phase strategic plan, of which the three phases are being executed in parallel.
Phase 1 focuses on streamlining operations and reducing cash burn through efficiency initiatives and disciplined cost management. Phase 2 focuses on the monetisation of product lines to simplify the business and strengthen the balance sheet. And phase 3 focuses on evaluating strategic alternatives to maximise long-term shareholder value and selecting the most compelling path forward.
The sale of MarkForged falls within Phase 2 and is expected to reduce annualised cash burn by approximately $15 million through a combination of direct and indirect operating cost savings, including certain costs not solely attributable to MarkForged.
Markforged was acquired by Nano Dimension just 13 months ago in a $116 million ($5.00 per share) deal.
“We are pleased to have reached an agreement with Stratasys that we believe positions MarkForged for continued growth and success under its ownership. This transaction represents a deliberate step in advancing Nano Dimension’s three-phase strategic plan and accelerating Phase 3 execution,” said David Stehlin, Chief Executive Officer of Nano Dimension. “We have made meaningful progress across Phase 1 and Phase 2, including cost reductions, operational streamlining and multiple product line monetisation actions. As Phase 3 continues to accelerate, we have recently advanced discussions with a focused set of strategic opportunities and potential partners aimed at maximising long-term shareholder value.”
