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Nano Dimension

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finance2 years ago

Nano Dimension Raises Special Tender Offer Price for Stratasys Shares to $24.00 in Cash

Nano Dimension has increased its special tender offer price for Stratasys shares to $24.00 per share in cash, which is 220% more cash than alternative offers. Nano Dimension opposes Stratasys' proposed merger with Desktop Metal and has nominated seven highly qualified directors for election to Stratasys' Board of Directors. The tender offer expiration date remains unchanged, and shareholders have until July 24th to tender their shares. Nano Dimension intends to explore strategic industry consolidation, including a potential combination with 3D Systems, following the successful completion of the special tender offer.

business2 years ago

Nano Dimension Achieves Record Q1/2023 Revenue with 43% YoY Growth

Nano Dimension, a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printers, announced record Q1/2023 results with revenue of $14.97 million, representing a 43% year-over-year growth. The company also reported a gross margin of 44% (adjusted: 47%) and a 50% organic revenue growth since Q3/2022. Nano Dimension plans to continue its share buy-back program and is experiencing advancements in its Additive Electronic and Additive Manufacturing product lines. The company aims to accelerate its merger and acquisition strategy to consolidate the highly fragmented AM market landscape.