Nano Dimension CEO Yoav Stern. (Photo Nano Dimension)
Nano Dimension, an Israeli company in 3D printed electronics, is still courting fellow Israeli 3D printer manufacturer Stratasys. According to a report in Bloomberg, Nano Dimension has now offered to buy Stratasys in a cash deal that values the company at about $1.1 billion.
According to the rumor mill, the current offer is for $16.50 per share, which is 25.9% above the current share price.
Just this past April Nano Dimension had offered a reported $20 per share buyout. This came after Stratasys, in July 2023, was so disinterested in a Nano buyout that the company took what is commonly referred to as a “poison pill” – also known as a Shareholder Rights Plan – to prevent another takeover attempt by Nano Dimension.
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Nano Dimension bought a 14% stake in Stratasys in the summer of 2022.
Over the summer it looked like Stratasys was ready to accept another buyout offer from the American 3D printer technology firm 3D Systems. The deal offered by 3D Systems was a cash and stock merger that would convert each Stratasys share into $7.50 in cash and 1.2507 newly issued shares of 3D Systems common stock. 3D Systems declared that should the merger go forward it would create an “additive manufacturing industry leader,” with Stratasys shareholders owning 40% of the combined company and receiving approximately $540 million in cash. 3D Systems delivered this proposal to the Stratasys Board on May 30, 2023.
But that deal fell through
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.
