-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Nano Dimension Highlights Leadership Strength and Record of Driving Value Creation for Shareholders
June 22, 2023 | Nano Dimension Ltd.Estimated reading time: 4 minutes
Nano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printers, highlighted today the strength of its leadership team’s vision and experience, which includes eight former CEOs and founders, as well as leaders who have held a combined approximately 30 positions as CEOs, Presidents, General Managers and/or Chairmen over the last 30 years.
The management team represents a deep bench of top-caliber leadership with a long track record of driving value creation through over 80 M&A transactions, further highlighting why Nano Dimension is the right partner for Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”).
Nano Dimension has the right offer, the right plan, and the right leadership to deliver value to Stratasys shareholders;
Nano’s $18 per share all-cash special tender offer delivers toStratasys shareholders near-term, GUARANTEED cash value at a compelling premium. The successful completion of the special tender offer would increase Nano Dimension’s beneficial ownership of Stratasys to between 53% and 55% of the outstanding ordinary shares of Stratasys, inclusive of the approximately 14.1% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns.
Nano’s increased ownership, combined with its plans to replace the majority of Stratasys’ entrenched Board of Directors, provides a clear path to fix Stratasys, by driving improved profitability and preventing the ill-conceived and dilutive transaction with Desktop Metal Inc. (NYSE:DM) (“DM”) that presents significant uncertaintyand tremendous risk of depletion of all cash, as both Stratasys and DM continue to lose cash on a quarterly basis.
Nano is confident that its seasoned management team and strong growth strategy will deliver long-term value to Stratasys shareholders.
Nano’s leadership team includes eight former CEOs and founders, as well as leaders who have held approximately 30 positions as CEO, President, General Manager and/or Chairman over the last 30 years. These leaders have extensive management expertise and a proven track record of successfully growing technology companies and driving value creation. Of particular note:
Nano’s Chairman and CEO, Yoav Stern, has builtand ledover 6 companies, most of them U.S. public companies, some of which he has grown from single-digitmillion-dollar revenue companies, to companies generating hundreds of millions of dollars in annual revenue through both organic and inorganic growth strategies. In addition, Mr. Stern has also generated exits for investors at a ROI ranging from 2-3 times the initial investment over 1-2 years.
Nano’s President, Zivi Nedivi, has served as the CEO of 5 companies and founder of2 others, including U.S. and foreign companies, public and private. As CEO of an aviation supply chain company, Mr. Nedivi oversaw revenue growth from $8 million to $300 million in a five-year period, including nine acquisitions. As COO of a medical laser company, Mr. Nedivi managed thousands of employees across five continents.
Nano’s Chief Product Officer & Head of M&A, Hanan Gino, has served as CEOof a multimillion-dollarcybersecurity company and as the head of the commercial divisions of an $800 million electronics optical inspection business. Mr. Gino also brings prodigious experience in robotics, artificial intelligence, and automation.
Nano’s President of Americas, Dale Baker, has led 5 companies, 3 of them public, and oversaw the growth of hundreds of millions of dollars in revenue, in addition to spending many years as a senior executive at General Electric.
The Nano team’s wealth of leadership experience has allowed the Company to maintain innovative and nimble operations, and is poised to drive growth and operational excellence, specifically focusing on Stratasys, as it is expected to become the main business asset of Nano Dimension.
Nano ’s management has successfully integrate d 6 companies in 18 months and harnessed M&A synergies to drive value and growth in revenue, gross margins, and profits, in addition to organic growth initiatives:
Through seamless integration, Nano’s team of best-in-class executives and managers has consistently unlocked the potential of acquired companies by leveraging its strategic footprint and platform.
Overall, companies acquired by Nano have outgrown and outpaced peers in the Additive Manufacturing Industry.
Nano’s ambitious and focused M&A strategy , combined with strong organic growth , are expected to continue to drive future value creation:
Nano’s management was decisive and forward-thinking, taking advantage of the low cost of capital and strong market appetite to raise $1.5 billionin equity financing and subsequently maintain acquisition discipline, while preserving approximately $1.1 billion of cash, bank deposits, and investment in securities as long as prices of acquisitions in the market were grossly overvalued during 2021-2022.
Nano has the cash firepower to continue to build its business – unlike any of its peers – and is executing on a multi-pronged and synergistic growth strategy buoyed by its strong fundamentals.
Nano continues to see significant opportunities ahead and is ideally positioned to act as a consolidator in the highly fragmented market landscape with numerous attractive potential targets.
Nano’s r evenue is expected to continue to increase, having more than tripled from 2020 to 2021, and grown more than 12x in 2022 compared to 2020 – proof of the success of Nano’s “buy and build” platform scaling strategy.
Nano grew revenue organically 37 % quarter-over-quarter Q1 2023 compared to Q1 2022.
Nano’s d ifferentiated technology offerings are supported by next-generation digital manufacturing and AM technologies. The Company’s fast adoption of groundbreaking Deep Learning and AI technologies led by Nano’s DeepCube division are gradually installed in Nano’s 3D Printing Machines, in addition to seeing strongdemand from industrial customers keen to install it in their own machines. Hence, Nano is investing resources to support this business and position it to succeed as a new, standalone division independently generating revenue.
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
ispace EUROPE, CDS Sign Payload Service Agreement to Transport Precise Location Measurement Technology to the Moon
05/14/2024 | BUSINESS WIREispace EUROPE S.A., the Luxembourg-based subsidiary of ispace, inc., and Control Data Systems SRL (CDS) have signed a payload services agreement to transport precise location measurement equipment to the Moon, the two companies announced.
American Made Advocacy: What About the Rest of the Technology Stack?
05/14/2024 | Travis Kelly -- Column: American Made AdvocacyThose of us who have been in the industry for any length of time know America manufactures very little of the world’s supply of microelectronics. This happened over decades and was invisible or ignored by policymakers as companies shipped both their ideas and their production to Asia—and made a good profit in the process.
Omdia: OLED Monitor Display shipments to surge by 123% YoY as Top Brands Embrace its Technology in 2024
05/09/2024 | PRNewswireOLED monitor display shipments significantly increased in 2023, following an upsurge of 415% year-over-year (YoY), according to Omdia's Monitor Display & OEM Market Tracker. This trend is set to continue with Omdia forecasting a 123% YoY increase in 2024, reaching 1.84 million units, driven by industry leaders Samsung Display and LG Display.
Punching Out: Breaking Out of the Valuation Box
05/09/2024 | Tom Kastner -- Column: Punching Out!Most companies are in a “valuation box.” That is, the value of the company, based on a market multiple, is not equal to the value of the assets. Or worse, once debt is paid off, the net proceeds would actually be negative. Here are some tips for getting out of the box.