Markforged to merge and become publicly listed

Metal and carbon fiber 3D printing company Markforged has entered into a definitive agreement to merge with acquisition company one. The combined company will retain the Markforged name and will be listed on the NYSE under the MKFG ticker symbol.

Markforged has reportedly printed more than 10 million parts across the entire product development lifecycle, from R&D to aftermarket repair. It generated revenue of approximately US$70 million in 2020.

‘Our mission and vision are to reinvent manufacturing by bringing the power and agility of connected software to the world of industrial manufacturing,’ said Shai Terem, president and CEO of Markforged. ‘Today is a pivotal milestone as we progress towards making that vision a reality.’

‘Markforged has already reinvented the additive manufacturing industry and is well-positioned for robust growth benefiting from the velocity of digitization,’ added Kevin Hartz, founder and CEO of one.

This story uses material from Markforged, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.