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Israeli 3D printing firm Nano Dimension (Nasdaq: NNDM) has claimed a 12.1% holding in Rehovot-primarily based 3D printing firm Stratasys (Nasdaq: SSYS). The stake is at this time well worth $152 million on the sector.

The invest in of the shares, with some of the practically $1.5 billion, which it lifted, in a sequence of community choices on Wall Avenue in late 2020 and early 2021, would make Nano Dimension the most significant shareholder in Stratasys – an even larger keeping than Cathie Wood’s Ark Fund, which holds shares in the two organizations.




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Sources shut to Nano Dimension insist that the company is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for manufacturing industry even though Nano Dimension specializes in 3D printing of electronic components.

Nano Dimension has a industry cap of $860 million, down 80% from its peak last 12 months, though Stratasys has a current market cap of $1.26 billion, right after its share price tag has fallen only 5% about the previous calendar year.

Nano Dimension mentioned, “With $521 million and $607 million of earnings in 2020 and 2021, respectively, Stratasys is a chief in the international change to AM through good and linked 3D printers, polymer products, a computer software ecosystem and areas on demand from customers. Stratasys serves prospects around the globe by transforming product structure, bringing agility to producing and offer chains, and increasing client care.”

Nano Dimension chairman and CEO Yoav Stern mentioned, “The intent of Nano Dimension in getting Stratasys shares is the formation of a strategic expense in a industry-chief which is perfectly founded in a reasonably seasoned market place phase, when Nano Dimension’s disruptive technologies in AME and 3D steel printing source its shareholders with benefit designed by accelerated growth and enlargement curves. Hence, an trader in Nano Dimension will acquire from its value development in “blue ocean” style AM sectors furthermore obtaining strategic upside from financial commitment in Stratasys, which enjoys a commanding presence in huge, secure extra experienced, typically polymer-based mostly AM technologies. In contrast, Nano Dimension’s product enhancement thrusts and business enterprise product technique are centered close to metals with electro-mechanical conductive parameters, metals with exceptional mechanical features, dielectric product, and printing of multi-dimensional-electronic equipment and mechanical elements.”

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

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


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