Israeli 3D printing firm Nano Dimension (Nasdaq: NNDM) has claimed a 12.1% holding in Rehovot-based 3D printing company Stratasys (Nasdaq: SSYS). The stake is currently truly worth $152 million on the marketplace.

The buy of the shares, with some of the just about $1.5 billion, which it elevated, in a series of public choices on Wall Street in late 2020 and early 2021, helps make Nano Dimension the largest shareholder in Stratasys – an even greater keeping than Cathie Wood’s Ark Fund, which holds shares in both equally businesses.




Associated Article content




Financial commitment expert Cathie Wooden increases Israel portfolio



Nano Dimension nonetheless has about $1b to invest right after latest buys







Sources close to Nano Dimension insist that the business is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for producing field although Nano Dimension specializes in 3D printing of digital components.

Nano Dimension has a market place cap of $860 million, down 80% from its peak very last yr, even though Stratasys has a marketplace cap of $1.26 billion, immediately after its share value has fallen only 5% about the earlier year.

Nano Dimension reported, “With $521 million and $607 million of earnings in 2020 and 2021, respectively, Stratasys is a chief in the world wide change to AM through sensible and related 3D printers, polymer materials, a software program ecosystem and parts on need. Stratasys serves shoppers around the globe by reworking products style, bringing agility to manufacturing and source chains, and enhancing affected individual treatment.”

Nano Dimension chairman and CEO Yoav Stern mentioned, “The purpose of Nano Dimension in buying Stratasys shares is the development of a strategic expenditure in a market-chief which is well recognized in a relatively seasoned marketplace section, though Nano Dimension’s disruptive systems in AME and 3D metal printing source its shareholders with value created by accelerated development and growth curves. For this reason, an investor in Nano Dimension will acquire from its benefit generation in “blue ocean” form AM sectors moreover possessing strategic upside from financial investment in Stratasys, which enjoys a commanding presence in huge, secure much more experienced, generally polymer-primarily based AM technologies. In distinction, Nano Dimension’s substance development thrusts and business model strategy are centered about metals with electro-mechanical conductive parameters, metals with exceptional mechanical features, dielectric material, and printing of multi-dimensional-electronic equipment and mechanical elements.”

Published by Globes, Israel small business news – en.globes.co.il – on July 18 2022.

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


More Stories
Dragons’ Den: Steven’s ultimatum, S19, Ep 14
Pros and cons of fulfillment by Amazon
How Marketing Automation Implementation Helps Tech Companies Scale