Nano Dimension Names Ofir Baharav as New CEO, Initiates Strategic Shift
Company - People | Mar 14, 2025 | EIN
Nano Dimension has appointed Ofir Baharav as its Chief Executive Officer following its recent acquisition of Desktop Metal. Baharav, who was previously the Chairman of the Board, replaces interim CEO Julien Lederman, who will continue as Chief Business Officer. This leadership change is accompanied by departures of key executives, such as President Zivi Nedivi and CFO/COO Tomer Pinchas, and sees Robert Pons take over as Board Chairman. Baharav's strategic focus includes optimizing Nano Dimension's operational efficiencies, targeting high-value 3D printing applications, and enhancing market positions in the U.S. and China. Financial goals are supported by cost-cutting measures projected to save over $20 million annually, as well as plans for further mergers and acquisitions, including an intended purchase of Markforged for $115 million. Under Baharav's direction, the company aims to leverage its expertise in electronics and additive manufacturing to ensure sustained shareholder value and competitive advantage.
Sectors
- Additive Manufacturing
- Electrical and Electronics
Geography
- United States – Nano Dimension has strategic operations and sales focus in the U.S. and has navigated regulatory aspects with CFIUS for post-merger integration.
- China – Nano Dimension is strengthening its field operations to enhance sales performance in China, indicating strategic geographical importance.
Industry
- Additive Manufacturing – The article discusses Nano Dimension, a player in the additive manufacturing sector, especially focusing on post-acquisition strategies in 3D printing and digital manufacturing.
- Electrical and Electronics – The new CEO, Ofir Baharav, has significant experience in the electronics industry, which is relevant as the company focuses on high-performance applications in this sector.
Financials
- $20 million – Projected annual savings from cost-cutting measures.
- $115 million – Planned acquisition cost for Markforged.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nano Dimension | Target Company | Company | A company specialized in additive manufacturing and digital manufacturing solutions, recently acquiring Desktop Metal. |
| Ofir Baharav | Incoming CEO | Person | Newly appointed CEO, former Chairman of the Board, with a strategic focus on operational efficiency and profitability. |
| Desktop Metal | Acquired Company | Company | Company acquired by Nano Dimension to strengthen its position in digital manufacturing. |
| Murchinson | Shareholder | Company | Activist shareholder involved in electing Ofir Baharav as Chairman of the Board. |
| Julien Lederman | Chief Business Officer | Person | Former interim CEO, responsible for post-merger integration and operational planning. |
| Robert Pons | Chairman of the Board | Person | Newly appointed Chairman of the Board, succeeding Ofir Baharav. |