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SSYS
Stratasys is doing the shopping
Stratasys said it’s entered a definitive agreement to buy MarkForged, Inc. — a wholly owned subsidiary of Nano Dimension — for $42.5 million in cash, subject to customary adjustments. For a company that lives and dies by where additive manufacturing goes next, this is the kind of bolt-on deal that says, “We’d like a little more scale, please, and make it industrial.”
Why this matters
MarkForged pulled in about $70 million in revenue in 2025, so Stratasys isn’t buying a tiny side project here. It’s picking up a business with real traction in metal binder jetting, which gives Stratasys more firepower in aerospace, defense, and industrial production — the places where 3D printing stops being a novelty and starts looking like a supply-chain strategy.
That matters because investors have long treated additive manufacturing like a cool demo that sometimes forgot how to become a business. Deals like this are Stratasys trying to turn the “cool demo” into something closer to recurring enterprise demand.
The bigger picture
The price tag is relatively modest, which is either a sign of disciplined dealmaking or the 3D-printing industry still doing its best impression of a garage band with enterprise aspirations. Either way, Stratasys is clearly betting that targeted M&A can help it deepen its product lineup without blowing up the balance sheet.
Big picture: if this integration goes smoothly, Stratasys could come out with a stronger position in higher-value manufacturing niches — the kind of stuff that can actually move the needle instead of just making nice conference booth demos.