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Nano Dimension buys 12% Stratasys stake

Amy B. Taylor July 19, 2022

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Israeli 3D printing enterprise Nano Dimension (Nasdaq: NNDM) has claimed a 12.1% keeping in Rehovot-dependent 3D printing organization Stratasys (Nasdaq: SSYS). The stake is now value $152 million on the market place.

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The invest in of the shares, with some of the almost $1.5 billion, which it lifted, in a sequence of public choices on Wall Street in late 2020 and early 2021, will make Nano Dimension the major shareholder in Stratasys – an even even bigger keeping than Cathie Wood’s Ark Fund, which retains shares in each firms.

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Cathie Wood Credit: YouTube&#13

Investment guru Cathie Wooden raises Israel portfolio

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Nano Dimension however has above $1b to spend soon after hottest buys

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Resources close to Nano Dimension insist that the firm is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for manufacturing industry even though Nano Dimension specializes in 3D printing of electronic parts.

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Nano Dimension has a market cap of $860 million, down 80% from its peak final 12 months, whilst Stratasys has a current market cap of $1.26 billion, immediately after its share selling price has fallen only 5% above the earlier 12 months.

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Nano Dimension reported, “With $521 million and $607 million of income in 2020 and 2021, respectively, Stratasys is a chief in the world-wide change to AM as a result of wise and related 3D printers, polymer products, a software program ecosystem and parts on demand from customers. Stratasys serves shoppers around the world by transforming product design and style, bringing agility to producing and supply chains, and improving patient care.”

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Nano Dimension chairman and CEO Yoav Stern stated, “The purpose of Nano Dimension in acquiring Stratasys shares is the development of a strategic financial commitment in a marketplace-leader which is effectively founded in a fairly seasoned sector segment, although Nano Dimension’s disruptive systems in AME and 3D metallic printing offer its shareholders with value established by accelerated development and enlargement curves. For this reason, an investor in Nano Dimension will gain from its value development in “blue ocean” variety AM sectors additionally obtaining strategic upside from financial commitment in Stratasys, which enjoys a commanding presence in big, steady far more mature, mainly polymer-centered AM systems. In contrast, Nano Dimension’s material enhancement thrusts and business enterprise model tactic are centered all around metals with electro-mechanical conductive parameters, metals with outstanding mechanical attributes, dielectric materials, and printing of multi-dimensional-digital units and mechanical elements.”

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Revealed by Globes, Israel small business 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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