Nano Dimension Names Ofir Baharav as New CEO
Company - People | Apr 10, 2025 | EIN
Nano Dimension has announced the appointment of Ofir Baharav as its new CEO, effective immediately. Baharav joined the board in December 2024 and now succeeds Yoav Stern as CEO, reinforcing the company's commitment to swiftly achieving merger synergies and enhancing shareholder value. With experience in transformation, innovation, and electronics, Baharav has already influenced Nano's strategic shifts, including a significant cost-reduction initiative and engagement with regulatory bodies to remove restrictions post-merger. The company has recently completed a $179.3 million acquisition of Desktop Metal, which forms part of its strategic initiatives under Baharav's leadership. Julien Lederman, the Interim CEO, will remain as Chief Business Officer, while the President and CFO/COO will depart the company.
Sectors
- Additive Manufacturing
- Capital Equipment for Electronics
Geography
- United States – Relevant because the acquisition of Desktop Metal and the leadership changes are affecting operations likely based in or significantly interacting with the US market.
Industry
- Additive Manufacturing – Relevant due to Nano Dimension's focus on electronics and additive manufacturing sectors, including its strategic acquisition of Desktop Metal.
- Capital Equipment for Electronics – Baharav's experience in electronics industry capital equipment aligns with Nano Dimension's strategic focus.
Financials
- 179.3 million – The value of the transaction through which Nano Dimension acquired Desktop Metal.
- 20 million USD – The annualized savings Nano Dimension aims to achieve by reducing G&A expenses.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nano Dimension | Target Company | Company | A company involved in electronics and additive manufacturing, recently involved in a strategic leadership shift and merger activities. |
| Ofir Baharav | Newly Appointed CEO | Person | Recently appointed CEO of Nano Dimension, tasked with driving strategic change and enhancing profitability. |
| Robert Pons | Chairman of the Board | Person | Recently appointed Chairman of Nano Dimension following Ofir Baharav's appointment as CEO. |
| Desktop Metal | Acquired Company | Company | Acquired by Nano Dimension for $179.3 million, this company was involved in the transaction that represents a strategic expansion. |
| Yoav Stern | Former CEO | Person | Recently replaced as CEO of Nano Dimension by Ofir Baharav. |
| Michael Garrett | Former Board Member | Person | Departed the Board in December 2024 when Baharav joined. |