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Israeli 3D printing organization Nano Dimension (Nasdaq: NNDM) has documented a 12.1% holding in Rehovot-centered 3D printing firm Stratasys (Nasdaq: SSYS). The stake is currently well worth $152 million on the current market.

The buy of the shares, with some of the just about $1.5 billion, which it raised, in a collection of community choices on Wall Road in late 2020 and early 2021, makes Nano Dimension the largest shareholder in Stratasys – an even greater keeping than Cathie Wood’s Ark Fund, which retains shares in the two companies.




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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 market though Nano Dimension specializes in 3D printing of electronic factors.

Nano Dimension has a marketplace cap of $860 million, down 80% from its peak last 12 months, when Stratasys has a sector cap of $1.26 billion, soon after its share cost has fallen only 5% more than the previous calendar year.

Nano Dimension said, “With $521 million and $607 million of income in 2020 and 2021, respectively, Stratasys is a leader in the world-wide shift to AM through wise and connected 3D printers, polymer supplies, a software package ecosystem and components on demand from customers. Stratasys serves shoppers globally by transforming products style, bringing agility to production and source chains, and strengthening client care.”

Nano Dimension chairman and CEO Yoav Stern said, “The purpose of Nano Dimension in shopping for Stratasys shares is the formation of a strategic expense in a market place-leader which is well recognized in a comparatively seasoned sector section, while Nano Dimension’s disruptive technologies in AME and 3D metallic printing source its shareholders with value established by accelerated progress and expansion curves. As a result, an investor in Nano Dimension will gain from its value generation in “blue ocean” type AM sectors plus obtaining strategic upside from investment in Stratasys, which enjoys a commanding presence in large, secure far more experienced, largely polymer-dependent AM systems. In contrast, Nano Dimension’s material advancement thrusts and business enterprise design method are centered all around metals with electro-mechanical conductive parameters, metals with exceptional mechanical qualities, dielectric substance, and printing of multi-dimensional-electronic devices and mechanical areas.”

Posted by Globes, Israel company information – en.globes.co.il – on July 18 2022.

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


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