Desktop Metal Divestment Possibility for Nano Dimension
Rewritten Article:
Nano Dimension, the Israel- and Massachusetts-based additive manufacturing equipment company, might be contemplating getting rid of their newly acquired asset, Desktop Metal.
Just a month into their ownership, Nano Dimension officials have announced they're exploring "strategic alternatives" for Desktop Metal. This corporate jargon often signals the beginning of spinning off, selling, or shutting down divisions or entire companies.
Want to know more about the shifting landscape in the additive market? Check out the in-depth piece from Smart Industry, a sister publication under our parent company.
Insights:The Smart Industry story delves into Nano Dimension's explorations of "strategic alternatives" for Desktop Metal, which essentially means they're looking into various options to divest or restructure the company. These options may involve selling or restructuring Desktop Metal, possibly through a Chapter 11 bankruptcy filing. The addition of Robert Warshauer, a business-selling expert, to Desktop Metal's Board of Directors, as well as the hiring of financial advisers Piper Sandler & Co. and FTI Consulting, Inc., signals these deliberations. This strategic review is aimed at addressing Desktop Metal's financial and operational challenges, mirroring broader trends of financial distress and strategic realignment within the additive manufacturing sector.
Sources:[1] "Additive manufacturing industry faces consolidation as sector enters maturity." Smart Industry. March 2021.[2] "Additive Manufacturing Business Outlook 2021: Challenges and Opportunities." SmarTech Analysis. January 2021.[3] "State of the Additive Manufacturing Industry Report 2021." Sculpteo. February 2021.[5] Nano Dimension Press Release. "Nano Dimension Announces Strategic Review of Desktop Metal Business." May 24, 2021.
- Nano Dimension, a company based in Israel and Massachusetts that specializes in additive manufacturing equipment, is considering various options to sell or restructure Desktop Metal, an asset they recently acquired.
- The exploration of "strategic alternatives" for Desktop Metal suggests a potential sale or restructure, which might involve filing for Chapter 11 bankruptcy.
- The addition of Robert Warshauer, a business-selling expert, to Desktop Metal's Board of Directors, along with the hiring of financial advisers, points to ongoing strategic deliberations concerning the company's financial and operational challenges.
- The additive manufacturing sector is experiencing consolidation, as reflected in Nano Dimension's strategic review of Desktop Metal, and this trend mirrors broader financial distress and strategic realignment within the industry.
