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Nano Dimension Clears Hart-Scott-Rodino (HSR) for Acquisition of Desktop Metal
August 26, 2024 | Nano DimensionEstimated reading time: Less than a minute
Nano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, announced that the waiting period under the United States Department of Justice (DOJ) Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) has expired in connection with its definitive agreement to acquire Desktop Metal, Inc. (DM).
The HSR Act is a U.S. federal law that requires companies to notify the Federal Trade Commission and the DOJ about certain proposed mergers and acquisitions and observe a waiting period prior to close, which provides the U.S. antitrust authorities the opportunity to review the transaction. As a result of the expiration of the waiting period, no further regulatory review by U.S. antitrust authorities is required in connection with the acquisition.
While the deal continues to be subject to the satisfaction of other customary closing conditions, this is a notable step that keeps Nano Dimension and DM’s previously announced Q4/2024 closing timeline on schedule.
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