$42.5 Million Markforged Sale Canceled Over Regulatory Approvals
Key Facts
Nano Dimension and Stratasys terminated their agreement on November 11, 2026, to sell Markforged for $42.5 million in cash, after concluding that obtaining the necessary regulatory approvals would take longer and cost more than they had expected, according to a filing by Nano Dimension with the U.S. Securities and Exchange Commission. The agreement was signed on May 27, 2026, for the sale of Markforged, a wholly owned subsidiary of Nano Dimension, to Stratasys. Nano Dimension said in the filing that the parties mutually terminated the agreement. On Stratasys' third-quarter earnings call, Chief Financial Officer Eitan Zamir said the cancellation would have no financial impact on the company. The agreement therefore ended before the anticipated closing date in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions.
The sale would have included Markforged, while Nano Dimension retained its Metal Binder Jetting metal-printing product line. According to TCT coverage, Stratasys was preparing to acquire Markforged's portfolio in polymers, composites and metal extrusion, while the Metal Binder Jetting line remained with Nano Dimension under the original agreement. When the deal was announced in May, Nano Dimension said it expected the sale to reduce annual cash burn by about $15 million. The anticipated reduction was one of the financial effects the company had tied to the agreement. But the termination filing focuses on the parties' estimate that regulatory approvals would require more time and cost than expected, without providing a new figure for the cost of the process or an alternative date for completing the sale.
On November 5, in its third-quarter earnings statement, Nano Dimension said the sale was still in progress and closing was expected in the fourth quarter of 2026, subject to closing conditions and regulatory approvals. That came six days before the agreement was terminated. In the same statement, the company described Markforged's performance as strong and said demand in its global markets continued, particularly for defense and commercial industrial applications. It also cited customer engagement and repeat purchases as factors supporting the company's performance. The cancellation thus comes against the backdrop of Nano Dimension saying days earlier that it was continuing to work toward transferring the company to Stratasys, before the parties' assessment of the approvals process changed.
Stratasys said the deal was intended to complement its existing capabilities, but its termination does not change the strength of its standalone business or its strategic direction. The company added that it would continue pursuing alternative technologies. In its third-quarter results, Stratasys reported revenue of $142.6 million, up 4.1% year over year from $137.0 million in the comparable period and up 3.6% from the second quarter of 2026. Aerospace and defense activity also grew more than 35% year over year, according to the company. At the same time, Stratasys lowered its 2026 revenue forecast to a range of $556 million to $561 million, from its previous range of $565 million to $575 million, attributing the revision to longer sales cycles and variability in the timing of large production-focused orders.
Stratasys said its shift toward larger orders, particularly those tied to production applications, is lengthening sales cycles and increasing variability in deal timing. On the earnings call, management said it expected larger orders in 2027, linking that outlook to the depth and quality of the pipeline and momentum across several end-use sectors. It added that this path supports the company's long-term position, according to the call transcript. The announcement that Stratasys would continue seeking alternative technologies follows the collapse of a deal the company had described as complementary to its existing capabilities. The previous expected closing date for the sale, in the fourth quarter of 2026, no longer applies after the agreement was terminated on November 11.