Nano Dimension Ordered to Finalize Desktop Metal Acquisition
Deal News | Mar 25, 2025 | EIN
The Delaware Court of Chancery has ordered Nano Dimension to proceed with the acquisition of Desktop Metal, compelling Nano to fulfill its obligations under their merger agreement. This follows legal action from Desktop Metal, who accused Nano of failing to obtain necessary regulatory approvals. The Court found Nano in breach and instructed them to finalize a national security agreement as the last condition for closing the merger. The order, stemming from a trial earlier this month, allows for a closing deadline extension if necessary. Nano's efforts to become a significant player in Additive Manufacturing (AM) have been turbulent, marked by attempts to disrupt Stratasys mergers, and leadership changes driven by shareholder activism. Desktop Metal's victory marks a significant step in their acquisition journey, navigating complex shareholder dynamics and regulatory scrutiny.
Sectors
- Additive Manufacturing
- Legal/Regulatory
Geography
- United States – The involvement of the Delaware Court of Chancery and the Committee on Foreign Investment in the United States signifies the geographical focus of the legal and regulatory aspects of the merger activities.
Industry
- Additive Manufacturing – The article involves Nano Dimension and Desktop Metal, both companies operating within the Additive Manufacturing (AM) industry, seeking to expand their capabilities through mergers and acquisitions.
- Legal/Regulatory – The article discusses a legal ruling and the regulatory requirements involved in completing a merger, underscoring the legal and compliance landscape affecting corporate acquisitions.
Financials
- Full Per Share Merger Consideration – Nano Dimension is required to pay this amount as part of fulfilling its obligations under the merger agreement with Desktop Metal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nano Dimension Ltd. | Bidding Company | Companies | An Israeli company engaged in the development of Additive Manufacturing technologies, currently pursuing the acquisition of Desktop Metal. |
| Desktop Metal, Inc. | Target company | Companies | A US-based company specializing in Additive Manufacturing solutions, involved in a merger agreement with Nano Dimension. |
| Delaware Court of Chancery | Judicial authority | Government | A court that has ordered Nano Dimension to complete its acquisition of Desktop Metal, following legal proceedings. |
| Committee on Foreign Investment in the United States (CFIUS) | Regulatory authority | Government | A US government committee involved in evaluating the national security implications of the merger. |
| Stratasys | Potential M&A involvement | Companies | A company involved in previous merger discussions with Desktop Metal and Nano Dimension. |
| Murchinson | Shareholder activist | Companies | A global investment firm and major Nano Dimension shareholder, involved in leadership challenges at Nano Dimension. |