Nano Dimension Buys Chunk of Stratasys
Company announces 12.12% ownership of Stratasys as part of strategic investment in additive manufacturing.
July 18, 2022
Nano Dimension Ltd., company vested in additively manufactured electronics (AME) and specialized additive manufacturing (AM), reports that it owns 12.12% of the outstanding ordinary shares of Stratasys.
With $521 million and $607 million of revenue in 2020 and 2021, respectively, Stratasys is a leader in the global shift to AM through smart and connected 3D printers, polymer materials, a software ecosystem and parts on demand.
“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,” says Yoav Stern, chairman and chief executive officer of Nano Dimension.
“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 adds.
In contrast, according to Stern, Nano Dimension’s material development and business model strategy target metals with electromechanical conductive parameters, metals with mechanical qualities, dielectric material and printing of multi-dimensional-electronic devices and mechanical parts.
“Incidentally,” Stern concludes, “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.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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