Nano Dimension buys 12% Stratasys stake
Israeli 3D printing enterprise Nano Dimension (Nasdaq: NNDM) has claimed a 12.1% holding in Rehovot-primarily based 3D printing business Stratasys (Nasdaq: SSYS). The stake is at present value $152 million on the market place.

The obtain of the shares, with some of the almost $1.5 billion, which it lifted, in a collection of general public offerings on Wall Avenue in late 2020 and early 2021, will make Nano Dimension the greatest shareholder in Stratasys – an even bigger keeping than Cathie Wood’s Ark Fund, which holds shares in both companies.




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Sources near to Nano Dimension insist that the business is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for producing industry though Nano Dimension specializes in 3D printing of electronic parts.

Nano Dimension has a market place cap of $860 million, down 80% from its peak past yr, although Stratasys has a current market cap of $1.26 billion, just after its share cost has fallen only 5% in excess of the earlier year.

Nano Dimension said, “With $521 million and $607 million of earnings in 2020 and 2021, respectively, Stratasys is a chief in the international change to AM by wise and linked 3D printers, polymer supplies, a program ecosystem and elements on demand from customers. Stratasys serves prospects worldwide by reworking product or service style, bringing agility to manufacturing and offer chains, and improving upon individual care.”

Nano Dimension chairman and CEO Yoav Stern claimed, “The reason of Nano Dimension in obtaining Stratasys shares is the development of a strategic investment in a sector-leader which is properly recognized in a comparatively seasoned market section, although Nano Dimension’s disruptive systems in AME and 3D metallic printing source its shareholders with value made by accelerated advancement and enlargement curves. For this reason, an investor in Nano Dimension will acquire from its benefit generation in “blue ocean” type AM sectors as well as having strategic upside from investment decision in Stratasys, which enjoys a commanding presence in huge, steady a lot more mature, primarily polymer-dependent AM systems. In contrast, Nano Dimension’s materials development thrusts and small business product system are centered all over metals with electro-mechanical conductive parameters, metals with superior mechanical characteristics, dielectric substance, and printing of multi-dimensional-digital equipment and mechanical components.”

Published by Globes, Israel company news – en.globes.co.il – on July 18 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


