Nano Dimension buys 12% Stratasys stake

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Israeli 3D printing business Nano Dimension (Nasdaq: NNDM) has claimed a 12.1% holding in Rehovot-centered 3D printing corporation Stratasys (Nasdaq: SSYS). The stake is at present truly worth $152 million on the market.

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The buy of the shares, with some of the practically $1.5 billion, which it lifted, in a series of general public choices on Wall Road in late 2020 and early 2021, tends to make Nano Dimension the biggest shareholder in Stratasys – an even greater keeping than Cathie Wood’s Ark Fund, which holds shares in equally providers.

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

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Nano Dimension has a market place cap of $860 million, down 80% from its peak final 12 months, while Stratasys has a current market cap of $1.26 billion, following its share selling price has fallen only 5% in excess of the previous year.

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Nano Dimension explained, “With $521 million and $607 million of earnings in 2020 and 2021, respectively, Stratasys is a chief in the world change to AM by way of smart and linked 3D printers, polymer products, a software package ecosystem and parts on demand. Stratasys serves consumers around the globe by transforming merchandise design, bringing agility to producing and source chains, and increasing client care.”

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Nano Dimension chairman and CEO Yoav Stern mentioned, “The goal of Nano Dimension in shopping for Stratasys shares is the development of a strategic investment decision in a industry-chief which is very well recognized in a reasonably seasoned marketplace section, when Nano Dimension’s disruptive technologies in AME and 3D metal printing source its shareholders with worth designed by accelerated progress and expansion curves. Consequently, an investor in Nano Dimension will attain from its price generation in “blue ocean” kind AM sectors as well as having strategic upside from investment decision in Stratasys, which enjoys a commanding presence in significant, stable additional mature, typically polymer-centered AM systems. In distinction, Nano Dimension’s materials development thrusts and business product system are centered close to metals with electro-mechanical conductive parameters, metals with exceptional mechanical qualities, dielectric material, and printing of multi-dimensional-digital equipment and mechanical sections.”

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Published by Globes, Israel business enterprise 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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