Nano Dimension announces all-cash proposal to acquire Stratasys

January 8, 2024

Nano Dimension announces all-cash proposal to acquire Stratasys

Nano Dimension Ltd has announced it has submitted a preliminary all-cash proposal to the Board of Directors of Stratasys Ltd to purchase all the outstanding shares of Stratasys that it does not currently own for $16.50 per share.

This proposal is reported to represent a 40% premium from the volume-weighted average Stratasys share price since September 28, 2023, when Stratasys announced that its Board of Directors initiated a process to explore strategic alternatives for the company, including a potential sale, following the collapse of the proposed merger with Desktop Metal.

Nano Dimension is the largest single shareholder of Stratasys.

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Following the submission of its proposal to acquire Stratasys, Nano Dimension said it is willing to immediately enter customary transaction-related documentation required to complete confirmatory due diligence and seeks to do so in the immediate future. Given Nano Dimension’s deep understanding of Stratasys and the AM industry, only a short due diligence period is expected to be required by the Board of Nano Dimension.

It was added that since the Israel-Hamas war began on October 7th, Nano Dimension is reported to have been ensuring that its business and its employees are safe, protected, and supported. Conscious that Stratasys itself also has a significant presence in Israel, Nano Dimension said it has sought to minimise unnecessary disruption.

www.stratasys.com

www.nano-di.com

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