Nano Dimension buys 12% Stratasys stake
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Israeli 3D printing firm Nano Dimension (Nasdaq: NNDM) has noted a 12.1% keeping in Rehovot-based mostly 3D printing company Stratasys (Nasdaq: SSYS). The stake is at present well worth $152 million on the marketplace.

The acquire of the shares, with some of the nearly $1.5 billion, which it lifted, in a sequence of community offerings on Wall Avenue in late 2020 and early 2021, can make Nano Dimension the major shareholder in Stratasys – an even even bigger holding than Cathie Wood’s Ark Fund, which holds shares in both equally organizations.




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Resources shut to Nano Dimension insist that the company is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for production business while Nano Dimension specializes in 3D printing of electronic factors.

Nano Dimension has a current market cap of $860 million, down 80% from its peak very last calendar year, although Stratasys has a current market cap of $1.26 billion, just after its share price has fallen only 5% around the past yr.

Nano Dimension said, “With $521 million and $607 million of profits in 2020 and 2021, respectively, Stratasys is a leader in the worldwide shift to AM by means of sensible and connected 3D printers, polymer supplies, a software package ecosystem and pieces on demand. Stratasys serves consumers around the globe by transforming products layout, bringing agility to producing and provide chains, and strengthening individual care.”

Nano Dimension chairman and CEO Yoav Stern stated, “The objective of Nano Dimension in shopping for Stratasys shares is the development of a strategic investment in a sector-chief which is very well proven in a somewhat seasoned marketplace segment, even though Nano Dimension’s disruptive technologies in AME and 3D metal printing provide its shareholders with worth established by accelerated growth and expansion curves. Consequently, an trader in Nano Dimension will attain from its value generation in “blue ocean” type AM sectors as well as possessing strategic upside from financial commitment in Stratasys, which enjoys a commanding presence in substantial, stable more experienced, largely polymer-based AM technologies. In contrast, Nano Dimension’s materials enhancement thrusts and company product strategy are centered close to metals with electro-mechanical conductive parameters, metals with remarkable mechanical traits, dielectric material, and printing of multi-dimensional-electronic gadgets and mechanical components.”

Posted by Globes, Israel small business information – en.globes.co.il – on July 18 2022.

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