Nano Dimension Takes Another Swing at Stratasys Acquisition

The merger and acquisition drama in the 3D printing space heated up again just before Christmas. Although a previous takeover attempt failed earlier in 2023, Nano Dimension has made a new offer to acquire Stratasys, and has submitted a preliminary all cash proposal to the Board of Directors of Stratasys to purchase all outstanding shares for $16.50 per share in cash, with an ability to increase its price subject to due diligence. Nano Dimension is currently the largest shareholder in Stratasys.

According to the company, the proposal represents a 40% premium from the volume-weighted average Stratasys share price since September 28, 2023, the day that Stratasys announced that its Board of Directors initiated a process to explore strategic alternatives for the company, including a potential sale.

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. Later in the fall, stock prices for a number of 3D printing companies declined significantly, and both Desktop Metal and Markforged faced delisting from the New York Stock Exchange.

Israel-based Nano Dimension had paused its acquisition efforts after the outbreak of the Israel-Hamas war in October.

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