Israeli 3D printing company Nano Dimension (Nasdaq: NNDM) has documented a 12.1% keeping in Rehovot-centered 3D printing corporation Stratasys (Nasdaq: SSYS). The stake is presently truly worth $152 million on the market place.
The purchase of the shares, with some of the approximately $1.5 billion, which it raised, in a series of community offerings on Wall Road in late 2020 and early 2021, will make Nano Dimension the biggest shareholder in Stratasys – an even larger holding than Cathie Wood’s Ark Fund, which retains shares in equally companies.
Financial investment expert Cathie Wood increases Israel portfolio
Nano Dimension continue to has over $1b to expend just after most up-to-date purchases
Sources shut to Nano Dimension insist that the business is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for production market although Nano Dimension specializes in 3D printing of electronic elements.
Nano Dimension has a market place cap of $860 million, down 80% from its peak past 12 months, even though Stratasys has a market place cap of $1.26 billion, immediately after its share price tag has fallen only 5% above the past calendar year.
Nano Dimension stated, “With $521 million and $607 million of profits in 2020 and 2021, respectively, Stratasys is a leader in the world wide shift to AM as a result of smart and related 3D printers, polymer materials, a software package ecosystem and pieces on need. Stratasys serves buyers worldwide by reworking merchandise structure, bringing agility to manufacturing and source chains, and bettering individual care.”
Nano Dimension chairman and CEO Yoav Stern said, “The objective of Nano Dimension in buying Stratasys shares is the development of a strategic investment decision in a sector-chief which is perfectly recognized in a relatively seasoned sector section, whilst Nano Dimension’s disruptive technologies in AME and 3D metallic printing provide its shareholders with benefit made by accelerated expansion and growth curves. As a result, an investor in Nano Dimension will attain from its benefit development in “blue ocean” kind AM sectors as well as obtaining strategic upside from investment in Stratasys, which enjoys a commanding existence in big, stable extra mature, mainly polymer-based mostly AM technologies. In contrast, Nano Dimension’s content progress thrusts and company design approach are centered close to metals with electro-mechanical conductive parameters, metals with remarkable mechanical characteristics, dielectric substance, and printing of multi-dimensional-digital devices and mechanical areas.”
Published by Globes, Israel company information – en.globes.co.il – on July 18 2022.
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