September 25, 2022

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Nano Dimension buys 12% Stratasys stake

Nano Dimension buys 12% Stratasys stake

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

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The purchase of the shares, with some of the approximately $1.5 billion, which it elevated, in a collection of community offerings on Wall Road in late 2020 and early 2021, would make Nano Dimension the greatest shareholder in Stratasys – an even greater holding than Cathie Wood’s Ark Fund, which retains shares in the two providers.

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Sources shut to Nano Dimension insist that the enterprise is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for producing field while Nano Dimension specializes in 3D printing of digital parts.

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Nano Dimension has a industry cap of $860 million, down 80% from its peak very last yr, whilst Stratasys has a marketplace cap of $1.26 billion, following its share value has fallen only 5% around the past yr.

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Nano Dimension stated, “With $521 million and $607 million of earnings in 2020 and 2021, respectively, Stratasys is a leader in the world-wide shift to AM by means of sensible and related 3D printers, polymer components, a software package ecosystem and parts on desire. Stratasys serves customers all over the world by reworking product structure, bringing agility to manufacturing and supply chains, and bettering affected individual treatment.”

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Nano Dimension chairman and CEO Yoav Stern said, “The purpose of Nano Dimension in acquiring Stratasys shares is the development of a strategic financial investment in a sector-leader which is effectively set up in a comparatively seasoned current market segment, though Nano Dimension’s disruptive systems in AME and 3D metallic printing offer its shareholders with value produced by accelerated development and expansion curves. Therefore, an investor in Nano Dimension will attain from its price generation in “blue ocean” kind AM sectors additionally owning strategic upside from investment decision in Stratasys, which enjoys a commanding existence in large, stable a lot more mature, largely polymer-based AM technologies. In contrast, Nano Dimension’s materials growth thrusts and business product tactic are centered all over metals with electro-mechanical conductive parameters, metals with exceptional mechanical traits, dielectric materials, and printing of multi-dimensional-electronic products and mechanical pieces.”

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

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

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