Nano Dimension CEO Yoav Stern. (Photo Nano Dimension)
Nano Dimension, an Israeli company in 3D printed electronics, upped its bid to for fellow Israeli 3D printer manufacturer Stratasys. According to a report in Globes, the offer has gone up from $18 per share in cash to $19.55.
This is now Nano Dimension’s second try at buying up Stratasys. Last July Stratasys took what is commonly referred to as a “poison pill” – also known as a Shareholder Rights Plan – in order to prevent the takeover attempt by Nano Dimension.
News of the takeover bid came just a few months after Nano Dimension blocked an attempted takeover bid by its chairman and CEO Yoav Stern.
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Stratasys offers 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys boasts that its solutions deliver “competitive advantages at every stage in the product value chain.”
Founded in 2012, 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.
Chairman and CEO of Nano Dimension Yoav Stern said, “We have great respect for Stratasys’ business, including Chief Executive Officer Dr. Yoav Zeif, who we believe is the architect of Stratasys’ recent positive momentum. Together, Nano Dimension and Stratasys can offer an increasingly exciting set of solutions for customers while becoming better positioned to compete in the AME [Additively Manufactured Electronics] and AM industries.
Stern added that he believes this is an” exceptional opportunity” for all stakeholders – shareholders, customers, management, employees, and business partners – of both companies.
