M&A Israel: The Israeli Companies ‘Nano Dimension’ and ‘Stratasys’ may merge to Global Player for 3D-Print

All lights are green and the merger of the two companies can be assumed to be very likely. This would create a global player from Israel in the 3D printing industry.

All lights are green and the merger of the two companies can be assumed to be very likely. This would create a global player from Israel in the 3D printing industry. 3D printing technology is a crucial technology of modern industry in all areas and the food industry, where Israeli companies are also leaders. This is mainly about producing meat or meat substitutes, such as Aleph Farms.

Nano Dimension made a formal takeover bid yesterday. Nano Dimension announced in a formal offer to acquire Stratasys for $18.00 per share. As expressed in Nano Dimension’s announcement on July 18, 2022, the Company views Stratasys as a strategic, complementary asset in the relatively mature polymer-based AM market segment.

The proposed transaction would create a market leader with unparalleled portfolio of materials, software, and deep learning with a go-to-market strength in the form of sales channels. Nano Dimension’s management has held constructive, informal discussions with Stratasys regarding the offer and the merits of the combination.

The press release of Nano Dimension explained: “Under the terms of the proposal, Nano Dimension, which has been the largest shareholder of Stratasys since July 2022 and currently owns approximately 14.5% of Stratasys’ outstanding shares (13.7% on a fully diluted basis¹), would acquire the remaining shares of Stratasys for total consideration of approximately $1.1 billion in cash.

The offer price reflects a premium of 36% to the unaffected closing trading price as of March 1, 2023, and a 31% premium to the 60-day VWAP through March 1, 2023. The proposal delivers immediate and certain value to Stratasys’ shareholders and vastly strengthens the company’s ability to capitalize on opportunities and navigate the challenges of the current environment.”

NANO seeks to acquire the remaining approximately 85.5% of Stratasys’ outstanding common shares (86.3% on a fully diluted basis) that NANO currently does not own.