Nano Dimension, the Israeli manufacturer of electronics 3D printers, has announced its latest strategy by acquiring Additive Flow, a UK-based software firm specializing in 3D design simulation and optimization. Nano Dimension intends to integrate Additive Flow’s software into its proprietary design package for electronics 3D printing, called FLIGHT.
The acquisition of Additive Flow is aimed at addressing the challenges faced by 3D printing users in the unique niche of additively manufactured electronics (AMEs). AM technologies require simulation to accurately predict part production and performance, and this becomes even more complex when incorporating electronic components. Additive Flow’s software will help Nano Dimension customers optimize the design and production of 3D printed AME electronic components.
According to Alexander Pluke, the CEO and CTO of Additive Flow, the company’s solution was developed to tackle the engineering challenges of advanced manufacturing. By joining forces with Nano Dimension, Additive Flow can leverage its technology to its maximum potential and continue enhancing Nano Dimension’s AM and AME product offerings.
Nick Geddes, the Senior CTO of Nano Dimension, highlighted the functionality of Additive Flow’s software, which stood out as the holistic solution they needed for their requirements across AME and multi-dimensional polymer, metal, and ceramic AM.
This acquisition comes as Nano Dimension changes its strategic direction. The company has decided to sell its ownership of Stratasys, marking a retreat from its attempts to perform a hostile takeover. As part of its new strategy, Nano Dimension plans to make strategic acquisitions, with Additive Flow being the first one.
To finance these smaller acquisitions, Nano Dimension recently issued a stock buyback plan, allowing the company to spend up to $227.5 million in repurchasing American Depository Shares.
Meanwhile, Nano Dimension’s largest shareholder, Murchinson Ltd, is seeking changes to the board of directors. Murchinson has submitted proposals to remove all current board members prior to the Annual General Meeting scheduled for September 7, 2023.
These recent developments highlight Nano Dimension’s evolving strategy in the 3D printing industry, as the company seeks to enhance its offerings and strengthen its position in the market. The acquisition of Additive Flow and the decision to sell its ownership of Stratasys demonstrate Nano Dimension’s focus on strategic growth and innovation.
One of the largest banks in Israel, Murchinson, has recently made some controversial moves regarding Nano Dimension, a leading company in the 3D printing industry. Murchinson, who owns a significant amount of shares in Nano Dimension, nominated two individuals to be elected as directors on Nano’s Board. These individuals are Hanina Brand (former manager of corporate credit for Murchinson) and Ofir Baharav (former director of Nano Dimension from 2015 to 2021).
The announcement of Murchinson’s nominees caused a stir within Nano Dimension. In response, Nano Dimension’s CEO, Yoav Stern, declared his intention to resign from the Board before the Annual General Meeting (AGM) and step down as CEO if any of Murchinson’s nominees are elected. Stern, along with other members of senior management, expressed their unwillingness to work under a Board that includes directors paid by Murchinson.
To add fuel to the fire, Nano Dimension’s management claimed that Murchinson paid its director nominees a lump sum of $50,000 each in cash, regardless of the outcome of their election to the Board. This raised concerns about the independence and integrity of Murchinson’s nominees.
Additionally, Nano Dimension’s management also criticized Ofir Baharav, stating negative remarks about his tenure as Nano’s former chairman. It appears that Nano Dimension is not taking these moves by Murchinson lightly and is prepared to defend itself.
Despite these challenges, Nano Dimension seems determined to continue its growth strategy. In fact, the company recently performed a stock buyback, leading to a temporary increase of seven percent in its share price. This move demonstrates Nano Dimension’s commitment to its shareholders and its confidence in its own future prospects.
Looking ahead, it remains to be seen who Nano Dimension may consider purchasing next. Speculations about potential acquisitions have already begun, with 3DPrint.com conducting a separate analysis on the subject. As the 3D printing industry continues to evolve and expand, staying updated on the latest news from Nano Dimension and the entire industry is crucial.
By staying informed, investors can make better decisions about their investments, and industry professionals can seize opportunities for collaboration and growth. Additionally, receiving information and offers from third-party vendors allows individuals and businesses to stay connected and take advantage of possible synergies.
In conclusion, the battle between Nano Dimension and Murchinson is far from over. The outcome of the upcoming AGM and the subsequent decisions made by Nano Dimension’s management will have a significant impact on the future direction of the company. As stakeholders, it is important to follow these developments closely to make informed judgments.
