ISS Supports Nano Dimension's Acquisition of Desktop Metal

In a significant development for the additive manufacturing industry, Institutional Shareholder Services (ISS) has officially recommended that shareholders of Desktop Metal, Inc. DM vote in favor of the company's proposed merger with Nano Dimension Ltd. NNDM. This endorsement is a critical step towards the successful acquisition of Desktop Metal by Nano Dimension, a deal first announced on July 3rd, 2024. ISS's backing is particularly noteworthy given its position as a leading proxy advisory firm, which influences key institutional investors.

The Merger Agreement Details

According to the merger agreement, Nano Dimension is set to acquire Desktop Metal. This strategic move is anticipated to create a powerhouse within the additive manufacturing sector by combining Desktop Metal's expertise in producing and selling additive manufacturing solutions with Nano Dimension's innovative additive electronics technologies. The favorable ISS recommendation points to the merger as "Likely the Best Available at the Time," taking into account the sales process and the implied valuation of the deal.

Company Profiles

Desktop Metal, operating under the stock ticker DM, is an established player in the additive manufacturing landscape, delivering advanced solutions to engineers, designers, and fabricators across multiple regions including the Americas, Europe, the Middle East, Africa, and Asia-Pacific. From its headquarters in Burlington, Massachusetts, Desktop Metal continues to drive innovation in the production and distribution of its cutting-edge manufacturing technologies.

Nano Dimension, trading as NNDM, is a leader in additive electronics, providing pioneering technologies from its base in Ness Ziona, Israel. With its international presence, Nano Dimension's merger with Desktop Metal signifies a remarkable expansion of capabilities and market reach for both entities.

Implications for Shareholders and the Market

As the merger moves forward with ISS's support, shareholders of Desktop Metal are advised to consider the compelling potential of the combined entity. This transaction is expected not only to enhance shareholder value through synergies but also to strategically position the new enterprise for significant growth within the rapidly evolving additive manufacturing industry. Moreover, the endorsement by ISS suggests a robust confidence in the future performance and competitive advantage of the merged company. Shareholders are now poised to make a critical decision that will shape the trajectory of this sector.

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