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

The buy of the shares, with some of the nearly $1.5 billion, which it elevated, in a series of public choices on Wall Avenue in late 2020 and early 2021, helps make Nano Dimension the most significant shareholder in Stratasys – an even even larger holding than Cathie Wood’s Ark Fund, which retains shares in the two organizations.




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

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

Nano Dimension claimed, “With $521 million and $607 million of income in 2020 and 2021, respectively, Stratasys is a leader in the global change to AM by means of sensible and linked 3D printers, polymer products, a program ecosystem and areas on demand. Stratasys serves consumers worldwide by reworking merchandise design and style, bringing agility to manufacturing and supply chains, and increasing affected individual treatment.”

Nano Dimension chairman and CEO Yoav Stern stated, “The purpose of Nano Dimension in obtaining Stratasys shares is the formation of a strategic expense in a marketplace-leader which is perfectly founded in a rather seasoned marketplace section, even though Nano Dimension’s disruptive systems in AME and 3D metal printing supply its shareholders with price established by accelerated expansion and expansion curves. As a result, an investor in Nano Dimension will attain from its worth generation in “blue ocean” style AM sectors moreover acquiring strategic upside from financial investment in Stratasys, which enjoys a commanding existence in substantial, stable additional experienced, typically polymer-based AM technologies. In contrast, Nano Dimension’s materials advancement thrusts and small business design approach are centered about metals with electro-mechanical conductive parameters, metals with excellent mechanical characteristics, dielectric product, and printing of multi-dimensional-electronic units and mechanical elements.”

Printed by Globes, Israel organization news – en.globes.co.il – on July 18 2022.

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