Israeli 3D printing company Nano Dimension (Nasdaq: NNDM) has described a 12.1% holding in Rehovot-based mostly 3D printing organization Stratasys (Nasdaq: SSYS). The stake is presently truly worth $152 million on the market.

The buy of the shares, with some of the approximately $1.5 billion, which it raised, in a collection of general public choices on Wall Street in late 2020 and early 2021, would make Nano Dimension the greatest shareholder in Stratasys – an even even larger holding than Cathie Wood’s Ark Fund, which holds shares in each organizations.




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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 field although Nano Dimension specializes in 3D printing of electronic elements.

Nano Dimension has a market place cap of $860 million, down 80% from its peak previous calendar year, though Stratasys has a market cap of $1.26 billion, just after its share price tag has fallen only 5% above the past year.

Nano Dimension reported, “With $521 million and $607 million of profits in 2020 and 2021, respectively, Stratasys is a chief in the world change to AM by way of wise and linked 3D printers, polymer supplies, a program ecosystem and elements on desire. Stratasys serves prospects globally by reworking solution design and style, bringing agility to producing and provide chains, and improving upon individual care.”

Nano Dimension chairman and CEO Yoav Stern stated, “The goal of Nano Dimension in obtaining Stratasys shares is the formation of a strategic expenditure in a market-leader which is well founded in a comparatively seasoned market place phase, when Nano Dimension’s disruptive systems in AME and 3D metallic printing provide its shareholders with worth created by accelerated progress and expansion curves. Therefore, an investor in Nano Dimension will attain from its worth creation in “blue ocean” sort AM sectors moreover obtaining strategic upside from financial investment in Stratasys, which enjoys a commanding existence in large, secure more mature, mainly polymer-based AM technologies. In contrast, Nano Dimension’s substance development thrusts and small business design system are centered around metals with electro-mechanical conductive parameters, metals with top-quality mechanical qualities, dielectric substance, and printing of multi-dimensional-electronic devices and mechanical areas.”

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

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