Nano Dimension (NNDM) shares are soaring 5.16% in pre-market trading on Friday, following the company's announcement of two significant developments. The 3D printing technology firm has successfully completed its $116 million acquisition of Markforged and appointed a new Chief Financial Officer, both moves likely contributing to investor optimism.
The acquisition of Markforged, a leader in additive manufacturing technologies, marks a strategic expansion for Nano Dimension. The company stated that this move strengthens its position in the design-to-manufacturing sector for high-performance metal and composite parts. This acquisition is expected to broaden Nano Dimension's product offerings and potentially increase its market share in the rapidly growing 3D printing industry.
Adding to the positive news, Nano Dimension announced the appointment of Assaf Zipori as its new Chief Financial Officer, effective April 24. Zipori, who previously served as Markforged's Finance Chief, brings valuable experience to Nano Dimension. This strategic hire, combined with the successful acquisition, appears to have boosted investor confidence in the company's future growth prospects, as reflected in the pre-market stock surge.
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