Stratasys will acquire MarkForged from Nano Dimension

Stratasys is acquiring MarkForged Inc., a wholly owned subsidiary of Nano Dimension, in an all-cash transaction valued at $42.5 million.

MarkForged is a provider of fused filament fabrication (FFF) additive manufacturing solutions. Its integrated platform, The Digital Forge, combines hardware, in-house materials and secure software including simulation, part management and automated print optimization. Its Continuous Carbon Fiber technology enables industries, including the aerospace, defense, automotive, and food and beverage sectors, to produce parts that are lighter and stronger than traditional FFF alternatives.

Nano Dimension will retain MarkForged’s Metal Binder Jetting product line.

“This acquisition further advances our capabilities to meet customers’ growing needs in critical areas such as defense and aerospace at a time when additive manufacturing continues to displace traditional manufacturing for high-requirement applications in production,” Stratasys CEO Yoav Zeif said in a news release.

“We believe that our teams can immediately reinvigorate revenue growth by adding MarkForged’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,” he said.

The transaction is also expected to enhance Stratasys’ software and materials offerings.

While it continues to make technological advancements, the additive manufacturing space is still finding its niche and has gone through a series of mergers, near-mergers and legal disputes in recent years. Last year, Stratasys acquired the assets of both Nexa3D and Forward AM.

Stratasys, based in Minnetonka, Minn., is a provider of 3D printing solutions for the aerospace, automotive, consumer products, healthcare and other industries.