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Israeli 3D printing firm Nano Dimension (Nasdaq: NNDM) has claimed a 12.1% holding in Rehovot-primarily based 3D printing organization Stratasys (Nasdaq: SSYS). The stake is at this time well worth $152 million on the sector.

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The obtain of the shares, with some of the just about $1.5 billion, which it elevated, in a sequence of community choices on Wall Road in late 2020 and early 2021, would make Nano Dimension the largest shareholder in Stratasys – an even even larger holding than Cathie Wood’s Ark Fund, which retains shares in equally companies.

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Sources close to Nano Dimension insist that the business is not launching a hostile takeover. Stratasys focuses on 3D printing of polymers for production field even though Nano Dimension specializes in 3D printing of digital components.

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Nano Dimension has a sector cap of $860 million, down 80% from its peak past calendar year, even though Stratasys has a marketplace cap of $1.26 billion, following its share value has fallen only 5% above the previous yr.

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Nano Dimension reported, “With $521 million and $607 million of income in 2020 and 2021, respectively, Stratasys is a chief in the world wide shift to AM via wise and linked 3D printers, polymer products, a software program ecosystem and areas on desire. Stratasys serves shoppers throughout the world by reworking item design, bringing agility to production and source chains, and improving individual treatment.”

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Nano Dimension chairman and CEO Yoav Stern claimed, “The objective of Nano Dimension in acquiring Stratasys shares is the formation of a strategic investment in a current market-chief which is perfectly established in a comparatively seasoned marketplace phase, though Nano Dimension’s disruptive systems in AME and 3D metallic printing source its shareholders with price made by accelerated growth and enlargement curves. That’s why, an trader in Nano Dimension will get from its value creation in “blue ocean” kind AM sectors additionally having strategic upside from financial investment in Stratasys, which enjoys a commanding existence in significant, steady a lot more mature, primarily polymer-based mostly AM systems. In contrast, Nano Dimension’s substance progress thrusts and business enterprise model system are centered all-around metals with electro-mechanical conductive parameters, metals with outstanding mechanical characteristics, dielectric content, and printing of multi-dimensional-electronic equipment and mechanical components.”

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Posted by Globes, Israel enterprise 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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