Nano Dimension, an Israeli company in the 3D printed electronics (Additively Manufactured Electronics (AME)/PE) field, has bought up a 12% share in the American-Israeli manufacturer of 3D printers Stratasys, which is publicly traded on the NASDAQ. The shares are reportedly worth about $150 million.
In the last week, Nano Dimension bought out Dutch 3D printing company Formatec for $12.9 million. The company has 2 subsidiaries, Admatec Europe B.V. and Formatec Technical Ceramics B.V. Admatec/Formatec,
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With $521 million and $607 million of revenue in 2020 and 2021, respectively, Stratasys offers additive technology solutions for industries including Aerospace, Automotive, Consumer Products, Design, Education, and Healthcare. For over 30 years, a deep and ongoing focus on customers’ business requirements has fueled purposeful innovations that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts.
Nano Dimension’s machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers and electromechanical components, to function at an unprecedented performance.
Nano Dimension boasts that its tech bridges the gap between PCB and semiconductor Integrated Circuits. A revolution at the click of a button: From CAD to a functional high-performance AME device in hours, solely at the cost of the consumable materials.
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.
