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

The purchase of the shares, with some of the just about $1.5 billion, which it elevated, in a sequence of public offerings on Wall Avenue in late 2020 and early 2021, can make Nano Dimension the biggest shareholder in Stratasys – an even greater keeping than Cathie Wood’s Ark Fund, which retains shares in both equally companies.




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Resources shut to Nano Dimension insist that the enterprise is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for manufacturing market although Nano Dimension specializes in 3D printing of digital parts.

Nano Dimension has a market cap of $860 million, down 80% from its peak past yr, even though Stratasys has a current market cap of $1.26 billion, just after its share value has fallen only 5% in excess of the past 12 months.

Nano Dimension explained, “With $521 million and $607 million of revenue in 2020 and 2021, respectively, Stratasys is a leader in the international shift to AM by means of wise and connected 3D printers, polymer elements, a software ecosystem and parts on demand from customers. Stratasys serves consumers all over the world by reworking merchandise structure, bringing agility to production and source chains, and bettering individual treatment.”

Nano Dimension chairman and CEO Yoav Stern reported, “The purpose of Nano Dimension in buying Stratasys shares is the development of a strategic expense in a sector-leader which is perfectly founded in a reasonably seasoned market segment, although Nano Dimension’s disruptive technologies in AME and 3D metal printing provide its shareholders with value made by accelerated progress and enlargement curves. Consequently, an trader in Nano Dimension will obtain from its price generation in “blue ocean” form AM sectors moreover possessing strategic upside from expenditure in Stratasys, which enjoys a commanding presence in big, steady additional mature, typically polymer-primarily based AM systems. In distinction, Nano Dimension’s substance advancement thrusts and enterprise product method are centered around metals with electro-mechanical conductive parameters, metals with remarkable mechanical attributes, dielectric substance, and printing of multi-dimensional-electronic gadgets and mechanical elements.”

Released by Globes, Israel business enterprise information – en.globes.co.il – on July 18 2022.

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