The first step is essentially complete.
$NNDM has lost.
Now to see whether
$SSYS makes a move for
$NNDM,
$DM, or
$MKFG.
Below are the reasons why Stratasys (
$SSYS) attempted to acquire Desktop Metal (
$DM) for $1.8 billion in May 2023, but was voted down by shareholders due to valuation. Nano Dimension (
$NNDM) is now acquiring
$DM for $183 million (before adjustments).
Stratasys recently raised $120 million from Fortissimo, boosting their cash reserves to $270 million. They’re pursuing inorganic growth, particularly to expand their product offerings into metal 3D printing.
As a leader in the industry,
$SSYS is heavily focused on building and leveraging their patent portfolio to maintain their dominant position (>1,500 patents). Their acquisitions—Solidscape, Objet, Solid Concepts, Harvest, Massivit 3D, Origin, Covestro, RP Support, and Xaar—demonstrate this strategy. They’ve also begun wielding these patents in litigation, notably against Bambu Labs.
Desktop Metal, meanwhile, boasts an impressive patent portfolio of over 1,500 patents, with particular strength in metal printing technology.
These developments will take time to fully unfold, but this is a space to watch. Nano Dimension (
$NNDM) may be down, but they’re far from out. The 3D printing industry as a whole is currently undervalued and beaten down, making it a sector worth tracking closely.
Worth noting: Both
$NNDM and
$SSYS are Israeli and
$NNDM owns 5% of
$SSYS.
It would be funny if
$NNDM loses the
$DM lawsuit and buys Desktop Metals and then immediately flips it to
$SSYS.