A Strategic Investment in an attractive Additively Manufacturing segment
Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), an industry leader in Additively Manufactured Electronics (“AME”) and specialized Additive Manufacturing (“AM”), announced today that it owns 12.12% of the outstanding ordinary shares of Stratasys Ltd. (Nasdaq: SSYS).
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. Stratasys serves customers worldwide by transforming product design, bringing agility to manufacturing and supply chains, and improving patient care.1
Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, commented: “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. In contrast, Nano Dimension’s material development thrusts and business model strategy are centered 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,” Mr. Stern concluded, “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.”