Nano Dimension, a developer of additively manufactured electronics, formally offered to acquire Stratasys, a provider of end-to-end additive manufacturing (AM) solutions, at USD 18 per share in cash. 

Nano Dimension has been Stratasys’ largest shareholder since July 2022 with a stake of 14.5%. The company would acquire the remaining shares paying USD 1.1 billion in cash. The offer price is a 36% premium to the unaffected closing price as of March 01, 2023. 

Nano Dimension expects to establish a market-leading portfolio, accelerate research and development, increase market penetration, acquire new customers, generate synergies, and create a business model that will enhance growth and profitability. 

Analyst QuickTake : Stratasys recorded revenue of USD 651.5 million in 2022 growing at 7.3% YoY. It also invested in Axial3D, a UK-based developer of additive manufacturing solutions for the healthcare industry in November last year with the aim of expanding its presence in different verticals.