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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.

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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.

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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.

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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.”

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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.”

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

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

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