3D printing stocks, Q2 2025: the deals close and Markforged leaves the market
April 2025 is when the paperwork of the previous two years all landed at once.
On 2 April, Nano Dimension completed its acquisition of Desktop Metal. On 25 April, it completed the Markforged acquisition, valued at about 116 million dollars, or 5.00 dollars a share. With that, Markforged left the New York Stock Exchange. The company that had gone public via SPAC in 2021 at a valuation in the billions was now a private subsidiary of Nano Dimension, bought for the price of a mid-size office building.
Two other things happened in the same window. Organovo, the bioprinting name, completed its transition to VivoSim Labs and started trading under the ticker VIVS on 24 April, a rebrand that also marked its pivot away from bioprinting hardware toward drug-testing models. And Stratasys closed its 120 million dollar investment from Fortissimo Capital on 10 April, the deal that made Fortissimo its largest shareholder ahead of Nano Dimension, which we cover in detail in the Stratasys write-up.
Step back and the shape is clear. The consolidation that the 2023 combatants could not agree on, the one Stratasys shareholders voted down, finally happened in April 2025. It just happened to distressed companies, at distressed prices, executed by a Nano Dimension board that had inherited the deals and did not much want them. Desktop Metal and Markforged, two of the loudest names of the 2021 boom, were now inside a company whose own leadership had been replaced for pursuing them.
What Nano did next, which was to start unwinding what it had just bought, is in our current recap. The quarter before is Q1 2025.
Sources
- 3DPrint.com. Nano Dimension Evaluates Desktop Metal Post-Takeover, Completes Acquisition of Markforged.
- Nano Dimension. Nano Dimension Announces Closing of Markforged Acquisition.
- TipRanks. Organovo Holdings Announces Transition to VivoSim Labs.
- Business Wire. Stratasys Closes $120 Million Strategic Investment by Fortissimo Capital.