Nano Dimension CEO Yoav Stern. (Photo Nano Dimension)
Is Nano Dimension, an Israeli company in the 3D printed electronics (Additively Manufactured Electronics (AME)/PE) field, worth $1 billion? Well, it may be worth almost that as a new bid for control of the company would give it a $995 valuation.
News of the offer led to a 16% spike in Nano Dimension’s stock on the NASDAQ.
Ironically, the news comes just a few months after Stratasys, a publicly traded company, took what is commonly referred to as a “poison pill” – also known as a Shareholder Rights Plan – in order to prevent a takeover attempt by Nano Dimension.
The increase in stock price was badly needed as Nano Dimension stock had dropped by 37% so far in 2022.
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According to a report made by Bloomberg, in early September Murchison Ltd made a non-binding offer to buy the company for $4 per share, a 52% premium on the company’s share price at the time of the offer. Murchison already owned 10 million shares of Nano Dimension at the time.
Bloomberg revealed that in a letter about the planned takeover, Murchinson CEO Marc Bristicer wrote, “We believe that our proposal is the best opportunity for shareholders to achieve maximum and certain value for their shares.”
Led by chairman and CEO Yoav Stern, 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.
Nano Dimension said that it expects $10 million in revenue for Q3 2022.
Nano Dimension itself acquired a few companies over the years. In May 20212 it bought out fellow Israeli company NanoFabrica Ltd. a developer of new technology and turn-key systems for precise 3D-micro-printing (or precision additive manufacturing) for $59.4 million. And in April of 2021, Nano Dimension acquired fellow Israeli company DeepCube Ltd. for $70 million.
