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

The purchase of the shares, with some of the nearly $1.5 billion, which it raised, in a sequence of community choices on Wall Street in late 2020 and early 2021, would make Nano Dimension the major shareholder in Stratasys – an even even bigger keeping than Cathie Wood’s Ark Fund, which holds shares in both organizations.




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Sources close to Nano Dimension insist that the firm is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for manufacturing industry whilst Nano Dimension specializes in 3D printing of electronic elements.

Nano Dimension has a industry cap of $860 million, down 80% from its peak final year, though Stratasys has a current market cap of $1.26 billion, soon after its share value has fallen only 5% about the past year.

Nano Dimension said, “With $521 million and $607 million of profits in 2020 and 2021, respectively, Stratasys is a chief in the international change to AM via clever and connected 3D printers, polymer supplies, a program ecosystem and parts on demand from customers. Stratasys serves buyers all over the world by reworking products layout, bringing agility to production and provide chains, and increasing individual care.”

Nano Dimension chairman and CEO Yoav Stern reported, “The reason of Nano Dimension in obtaining Stratasys shares is the development of a strategic investment in a current market-leader which is properly recognized in a relatively seasoned marketplace phase, whilst Nano Dimension’s disruptive technologies in AME and 3D metallic printing source its shareholders with benefit created by accelerated progress and enlargement curves. As a result, an investor in Nano Dimension will get from its benefit development in “blue ocean” type AM sectors moreover obtaining strategic upside from investment in Stratasys, which enjoys a commanding presence in large, secure far more mature, mostly polymer-dependent AM systems. In contrast, Nano Dimension’s material development thrusts and organization design approach are centered all around metals with electro-mechanical conductive parameters, metals with top-quality mechanical characteristics, dielectric product, and printing of multi-dimensional-electronic devices and mechanical areas.”

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

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