Nano Dimension Renews Stratasys Takeover Bid 3d Printing Industry This proposal continues nano dimension’s long term effort to acquire stratasys, with the publically stated goal of creating a globally leading company within the additive manufacturing. A prime example of this occurred recently when nano dimension, a recognized leader in electronics 3d printing, announced a formal offer to acquire stratasys, a giant in the broader am solutions space. this surprising development is, in fact, a continuation of events that began in july 2022.
Nano Dimension Renews Stratasys Takeover Bid 3d Printing Industry 3d printing polymer material. nano dimension launched a renewed bid to take over rival additive manufacturing system developer stratasys, with a proposal that values the latter business at about $1.1 billion. 3d printing company stratasys (us:ssys) received a revised takeover proposal late monday from nano dimension (us:nndm), at $20.05 per share. this is not the first offer that nano dimension has made for stratasys, with the initial approach disclosed in early march 2023. Ultimately no deal was ever completed as stratasys rebuffed the takeover attempts by nano dimension and 3d systems while stratasys shareholders opposed the merger with desktop metal. Stratasys separately confirmed the revised bid and said its board will carefully review and evaluate it. the buyout interest of nano, already the largest shareholder of its us and israel based peer, was disclosed in march.
Nano Dimension Continues Its Fruitless Takeover Of Stratasys 3dpc Ultimately no deal was ever completed as stratasys rebuffed the takeover attempts by nano dimension and 3d systems while stratasys shareholders opposed the merger with desktop metal. Stratasys separately confirmed the revised bid and said its board will carefully review and evaluate it. the buyout interest of nano, already the largest shareholder of its us and israel based peer, was disclosed in march. Nano dimension led a successful effort to stop a proposed stratasys desktop metal merger in september. at the same time, 3d systems also made a failed attempt to merge with stratasys. It won’t be many previous failed attempts or 3d printing stocks around the world dropping to all time lows, or the dark clouds on the horizon of geopolitical stability, to divert israeli company nano dimension from accomplishing its goal of acquiring additive manufacturing market leader stratasys. Stratasys has confirmed receipt of the unsolicited offer and says it will evaluate the proposal to determine the best course of action. the offer made by nano dimension reflects 36% premium to stratasys’s closing price as of march 1, 2023. Nano dimension raised its unsolicited bid to buy control of $1.3 bln stratasys, making the choice for shareholders tougher. the target’s preferred deal with desktop metal partly hinges on elusive revenue synergies. a snubbed offer from 3d systems may ultimately be the best option.
Comments are closed.