Nano Dimension Relocates US Office, Appoints KPMG LLP as New Auditor

Nano Dimension has appointed KPMG LLP as its new auditor, effective August 19, 2025, following the relocation of its principal executive offices to the U.S. The change replaces Somekh Chaikin, a member firm of KPMG International, without any disagreements or reportable events in previous audits. This move reflects a strategic operational shift, potentially enhancing financial oversight and compliance in the U.S. market.

Nano Dimension Ltd. (NASDAQ: NNDM), an additive manufacturing specialist, has appointed KPMG LLP as its new auditor, effective August 19, 2025. This move follows the company's relocation of its principal executive offices to the United States. The appointment replaces Somekh Chaikin, a member firm of KPMG International, which had previously served as the company's auditor [1].

The change in auditors comes after a thorough evaluation process and was approved by the audit committee of the board of directors. The audit reports of Somekh Chaikin on Nano Dimension's financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinions or disclaimers [1].

The transition to KPMG LLP as the new auditor is part of Nano Dimension's strategic operational shift. This move is likely aimed at enhancing financial oversight and compliance in the U.S. market. The appointment of a new auditor is a common practice for companies relocating their principal executive offices to the U.S., as it aligns with the country's regulatory requirements.

Nano Dimension's shift to GAAP accounting standards, which align with those used by most publicly traded companies in the U.S., has also been well-received by investors. This move has contributed to a positive market response, with the company's share price increasing by almost 3% on the news [2].

Despite the positive market reaction, it is essential for investors to consider the company's overall financial performance and the potential impact of the new accounting standards on its financial results. While the shift to GAAP has resulted in a slightly deeper net loss in 2024, the differences were not significant enough to warrant concern [2].

In conclusion, Nano Dimension's appointment of KPMG LLP as its new auditor and its adoption of GAAP accounting standards are strategic moves that reflect the company's commitment to enhancing its financial oversight and compliance in the U.S. market. These changes are likely to have a positive impact on the company's financial reporting and investor relations.

References:
[1] https://www.stocktitan.net/sec-filings/NNDM/6-k-nano-dimension-ltd-american-current-report-foreign-issuer-7c218d44e182.html
[2] https://finance.yahoo.com/news/why-nano-dimension-stock-triumphed-230644037.html