The additive saga continues: Stratasys buys MarkForged

I’ve written plenty about how technology needs to be timed just right: too early to market and a company expends all its energy and capital on educating that market on why the tech matters; too late, and a company loses the advantage of being seen as cutting edge. Nowhere has that been more visible than in additive manufacturing. Remember when we were all going to have a printer at home, to make new knobs for our appliances? That never happened, and we’re still seeing the fallout.

Today, Stratasys announced that it will acquire MarkForged from Nano Dimension in an all-cash transaction valued at $42.5 million. You may remember that Nano Dimension bought Desktop Metal in 2024, tried to buy Stratasys before that, and decided that MarkForged would be the just-right acquisition to push it into composite and metal additive manufacturing equipment, from benchtop to factory floor. MarkForged cost Nano Dimension $115 million in late 2024, with the deal closing in early 2025.

Today, that landscape changes yet again. Stratasys CEO Yoav Zeif says, “This acquisition further advances our capabilities to meet customers’ growing needs in critical areas such as defense and aerospace at a time when additive manufacturing continues to displace traditional manufacturing for high requirement applications in production. We believe that our teams can immediately reinvigorate revenue growth by adding MarkForged, Inc.’s products and software systems as we leverage our leading partner networks. We are confident this transaction will strengthen Stratasys’ position in many of the largest and most structurally critical industries where performance, supply chain resilience, reliability, and scalability are essential.”

Note that the deal does not include MarkForged’s Metal Binder jetting products, which remain with Nano Dimension.

Still, this appears to be a bargain for Stratasys, since its press release says that Markforged generated $70 million in revenue in 2025 and was valued at $116 million when Nano Dimension bought it just a year prior. We don’t have a clear estimate of the Metal Binder business size, but $42.5 million appears to be a good deal for Stratasys.

Specific to Mr. Zeif’s aerospace and defense comments: Markforged’s materials carry critical flame-retardant and aerospace-traceable certifications, which can only help boost Stratasys’ offer to those markets.

The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. Stratasys says it will update its revenue and profit guidance (meaning, cost reductions) following the closing of the transaction.