Cathie Wood Credit: YouTube

Nano Dimension buys 12% Stratasys stake

&#13

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

&#13

The acquire of the shares, with some of the just about $1.5 billion, which it raised, in a series of general public offerings on Wall Road in late 2020 and early 2021, makes Nano Dimension the major shareholder in Stratasys – an even even larger keeping than Cathie Wood’s Ark Fund, which retains shares in both organizations.

&#13
&#13
&#13
&#13

&#13
&#13
&#13
&#13

Sources close to Nano Dimension insist that the firm is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for production field while Nano Dimension specializes in 3D printing of electronic parts.

&#13

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

&#13

Nano Dimension stated, “With $521 million and $607 million of profits in 2020 and 2021, respectively, Stratasys is a chief in the global change to AM via wise and connected 3D printers, polymer products, a software package ecosystem and parts on demand. Stratasys serves buyers globally by transforming product or service style and design, bringing agility to production and source chains, and strengthening affected person treatment.”

&#13

Nano Dimension chairman and CEO Yoav Stern reported, “The purpose of Nano Dimension in getting Stratasys shares is the formation of a strategic financial investment in a market place-chief which is very well established in a reasonably seasoned market place phase, though Nano Dimension’s disruptive systems in AME and 3D metallic printing provide its shareholders with price developed by accelerated expansion and enlargement curves. As a result, an trader in Nano Dimension will obtain from its benefit development in “blue ocean” sort AM sectors additionally owning strategic upside from financial commitment in Stratasys, which enjoys a commanding existence in huge, stable far more mature, mainly polymer-primarily based AM technologies. In distinction, Nano Dimension’s material growth thrusts and business product system are centered about metals with electro-mechanical conductive parameters, metals with superior mechanical attributes, dielectric content, and printing of multi-dimensional-electronic equipment and mechanical elements.”

&#13

Revealed by Globes, Israel company news – en.globes.co.il – on July 18 2022.

&#13

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

&#13
&#13