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  • Nano Dimension buys 12% Stratasys stake
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Nano Dimension buys 12% Stratasys stake

July 19, 20223 min read Annita Vagas
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Israeli 3D printing organization Nano Dimension (Nasdaq: NNDM) has documented a 12.1% holding in Rehovot-based 3D printing company Stratasys (Nasdaq: SSYS). The stake is presently well worth $152 million on the marketplace.

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The buy of the shares, with some of the approximately $1.5 billion, which it elevated, in a collection of public offerings on Wall Road in late 2020 and early 2021, helps make Nano Dimension the largest shareholder in Stratasys – an even bigger keeping than Cathie Wood’s Ark Fund, which retains shares in the two corporations.

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Connected Content articles

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Cathie Wood Credit: YouTube&#13

Financial commitment expert Cathie Wood boosts Israel portfolio

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Nano Dimension however has over $1b to expend soon after most recent purchases

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Resources close to Nano Dimension insist that the enterprise is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for production industry when Nano Dimension specializes in 3D printing of digital elements.

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Nano Dimension has a sector cap of $860 million, down 80% from its peak previous year, when Stratasys has a market cap of $1.26 billion, just after its share cost has fallen only 5% in excess of the earlier yr.

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Nano Dimension mentioned, “With $521 million and $607 million of revenue in 2020 and 2021, respectively, Stratasys is a chief in the world wide shift to AM by means of smart and related 3D printers, polymer resources, a software package ecosystem and elements on demand. Stratasys serves prospects worldwide by transforming merchandise design and style, bringing agility to manufacturing and source chains, and enhancing affected person treatment.”

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Nano Dimension chairman and CEO Yoav Stern mentioned, “The purpose of Nano Dimension in purchasing Stratasys shares is the development of a strategic expense in a market place-chief which is properly founded in a rather seasoned current market section, whilst Nano Dimension’s disruptive technologies in AME and 3D steel printing offer its shareholders with price developed by accelerated expansion and growth curves. As a result, an trader in Nano Dimension will achieve from its price development in “blue ocean” form AM sectors furthermore possessing strategic upside from investment in Stratasys, which enjoys a commanding presence in substantial, secure far more experienced, mostly polymer-primarily based AM systems. In distinction, Nano Dimension’s materials improvement thrusts and organization design tactic are centered close to metals with electro-mechanical conductive parameters, metals with superior mechanical qualities, dielectric materials, and printing of multi-dimensional-digital products and mechanical parts.”

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Printed 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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