Nano Dimension acquires Formatec Holding for $12.9M

• Nano Dimension (NASDAQ:NNDM) has signed a definitive agreement to acquire Formatec Holding, which includes its two subsidiaries - Admatec Europe and Formatec Technical Ceramics.
• Admatec/Formatec has shown promising financial results under strenuous circumstances of its parent company, indicating that accelerated growth based on its innovative technology can be expected.
• The business delivered $5.3M in revenue with a gross margin of 56% in 2021.
• Nano Dimension has paid a total cash sum of $12.9M for Admatec/Formatec.
• “Admatec/Formatec’s products and services expand Nano Dimension’s Fabrica Division, adding volume manufacturing capabilities to the high precision micro-mechanical Fabrica 2.0 systems.” said Yoav Stern, Chairman and CEO.

Comments

[SkipBreakfast]

Why did I listen to Cathie Wood on NNDM???
Anyone have a 2025 price target for this money pit? Hoping to recoup some loss and get out.

[colbert98]

@SkipBreakfast I’m giving them one more quarter.