Is Nano Dimension becoming the next giant to watch in the additive manufacturing industry? The expert in 3D printed electronics just announced that it now owns 12.12% of 3D printing company Stratasys.
The announcement follows the recent acquisition of Admatec and Formatec that expanded its activities into the “traditional market” of additive manufacturing.
With $521 million and $607 million of revenue in 2020 and 2021, respectively, Stratasys is one of the company that no longer needs any introduction on this market. Known for its global shift to AM through smart and connected 3D printers, polymer materials, a software ecosystem and on demand service, Stratasys serves customers worldwide by transforming product design, bringing agility to manufacturing and supply chains, and improving patient care.
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,” 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.”
Remember, you can post job opportunities in the AM Industry on 3D ADEPT Media free of charge or look for a job via our job board. Make sure to follow us on our social networks and subscribe to our weekly newsletter : Facebook, Twitter, LinkedIn & Instagram ! If you want to be featured in the next issue of our digital magazine or if you hear a story that needs to be heard, make sure you send it to contact@3dadept.com.