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Nano Dimension buys 12% Stratasys stake

July 19, 2022
Myra Domonique
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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.

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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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Cathie Wood Credit: YouTube&#13

Expense expert Cathie Wooden will increase Israel portfolio

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Nano Dimension nevertheless has around $1b to commit just after hottest buys

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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.

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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.

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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.”

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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.”

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

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

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