Entering text into the input field will update the search result below

Nano Dimension acquires Formatec Holding for $12.9M

Jul. 08, 2022 8:47 AM ETNano Dimension Ltd. (NNDM)By: Pranav Ghumatkar, SA News Editor2 Comments
  • 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.

Recommended For You

Comments (2)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

SkipBreakfast profile picture
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.
@SkipBreakfast I’m giving them one more quarter.

About NNDM

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
Nano Dimension Ltd.
CompoSecure, Inc.
Canaan Inc.
Stratasys Ltd.
CPI Card Group Inc.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.