Nano Dimension acquires 12% stake in Stratasys
July 19, 2022
Nano Dimension Ltd, Waltham, Massachusetts, USA, has announced that it now owns 12.12% of the outstanding ordinary shares of Stratasys Ltd, headquartered in Eden Prairie, Minnesota, USA, and Rehovot, Israel. Stratasys provides Additive Manufacturing and materials solutions, a software ecosystem and parts on demand. The company recorded revenues of $521 million and $607 in 2020 and 2021 respectively.
“The purpose of Nano Dimension in buying Stratasys shares is the formation of a strategic investment in a market-leader which is well established in a relatively seasoned market segment, while Nano Dimension’s disruptive technologies in AME and 3D metal printing supply its shareholders with value created by accelerated growth and expansion curves,” commented Yoav Stern, chairman and Chief Executive Officer of Nano Dimension. “The purpose of Nano Dimension in buying Stratasys shares is the formation of a strategic investment in a market-leader which is well established in a relatively seasoned market segment, while Nano Dimension’s disruptive technologies in AME and 3D metal printing supply its shareholders with value created by accelerated growth and expansion curves.”
“Hence, an investor in Nano Dimension will gain from its value creation in ‘blue ocean’ type AM sectors plus having strategic upside from investment in Stratasys, which enjoys a commanding presence in large, stable more mature, mostly polymer-based AM technologies,” Stern continued. “In contrast, Nano Dimension’s material development thrusts and business model strategy are centred around metals with electro-mechanical conductive parameters, metals with superior mechanical qualities, dielectric material, and printing of multi-dimensional-electronic devices and mechanical parts.
“Incidentally, we may increase or decrease our investment in Stratasys, subject to market conditions and other economic factors, while keeping it under the framework and envelop which will evolve from the description above,” Stern concluded.
