Nano Dimension buys 12% Stratasys stake
Israeli 3D printing company Nano Dimension (Nasdaq: NNDM) has documented a 12.1% holding in Rehovot-based 3D printing company Stratasys (Nasdaq: SSYS). The stake is at this time really worth $152 million on the market place.

The buy of the shares, with some of the virtually $1.5 billion, which it lifted, in a series of public offerings on Wall Street in late 2020 and early 2021, would make Nano Dimension the premier shareholder in Stratasys – an even greater holding than Cathie Wood’s Ark Fund, which retains shares in each providers.




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

Nano Dimension has a industry cap of $860 million, down 80% from its peak very last 12 months, though Stratasys has a industry cap of $1.26 billion, soon after its share price has fallen only 5% above the earlier calendar year.

Nano Dimension reported, “With $521 million and $607 million of profits in 2020 and 2021, respectively, Stratasys is a leader in the world wide shift to AM by good and linked 3D printers, polymer products, a application ecosystem and areas on need. Stratasys serves clients worldwide by reworking item style, bringing agility to production and supply chains, and improving patient care.”

Nano Dimension chairman and CEO Yoav Stern reported, “The intent of Nano Dimension in buying Stratasys shares is the development of a strategic financial investment in a industry-leader which is very well recognized in a somewhat seasoned current market phase, although Nano Dimension’s disruptive systems in AME and 3D metal printing source its shareholders with benefit developed by accelerated expansion and enlargement curves. As a result, an investor in Nano Dimension will gain from its price generation in “blue ocean” kind AM sectors moreover obtaining strategic upside from financial commitment in Stratasys, which enjoys a commanding existence in substantial, secure far more experienced, mostly polymer-centered AM technologies. In distinction, Nano Dimension’s product enhancement thrusts and small business product strategy are centered close to metals with electro-mechanical conductive parameters, metals with top-quality mechanical attributes, dielectric product, and printing of multi-dimensional-digital gadgets and mechanical components.”

Released by Globes, Israel business news – en.globes.co.il – on July 18 2022.

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


