The Chemical Connection: Don’t Just Blame the Etcher
Nolan's Notes: ConvergenceNano Dimension Hired Lazard to Advise on Potential Transformative Acquisitions
February 17, 2023 | Nano Dimension Ltd.Estimated reading time: 1 minute
Nano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printers, announced that it has hired Lazard Ltd. (Lazard) as an advisor for strategic mergers & acquisitions (M&A) and for addressing Bistricer/Murchinson Ltd.’s challenges to the Company’s value creation strategy for all shareholders. Lazard has been working with the Company on potential transformative acquisitions and growth maximization strategies, in furtherance of the Company’s previously announced M&A master plan, complementing the advice provided to the Company by other advisors.
In addition to the above, the Company remains focused on its primary mission: to accelerate the growth of its business, and to leverage its unique market position and seize organic and inorganic opportunities for meaningful shareholder value creation. The current strategy has led to a growth in annual revenues at a rate of over 1,000% between the years 2020 and 2022, while preserving over $1 billion in cash.
Yoav Stern, Chairman and Chief Executive Officer, commented, “Our board of directors and management are excited to enter this new chapter of Nano Dimension’s journey. The Company’s mission continues to be to create the clear AM market leader and to transform AM, AM Electronics and adjacent industrial non-digitized sectors into an environmentally friendly and economically efficient additive manufacturing Industry 4.0. 2022 was a turning point for our Company, both from a strategic and financial standpoint and we do not want Bistricer/Murchinson’s efforts to prematurely undermine the maximization of long-term value creation for all shareholders. Looking forward we are focused on reinvesting the capital that has been generated from our ongoing efforts in order to accelerate our development and growth, advance toward profitability and capture highly strategic and value-creating M&A consolidation opportunities.”
Share on:
Suggested Items
GCC Smartphone Market Posts Growth in Q2 2023
09/25/2023 | IDCNewly released data from IDC's Worldwide Quarterly Mobile Phone Tracker shows that shipments of smartphones to the Gulf Cooperation Council (GCC) region increased 2.9% year on year in Q2 2023, with growth of 2.8% on the previous quarter.
Camtek to Acquire Formfactor’s FRT Metrology Business
09/25/2023 | CamtekCamtek Ltd., together with FormFactor, Inc., are pleased to announce that they have entered into an agreement for the acquisition by Camtek of FormFactor, Inc.’s FRT Metrology business for $100 million in cash, subject to customary purchase price adjustments.
Nordson Corporation Announces Transition in Corporate Development Organization
09/22/2023 | BUSINESS WIRENordson Corporation (NASDAQ: NDSN) shared today that Anne Pombier has announced her intention to retire as Vice President, Corporate Development, effective April 1, 2024. Ms. Pombier will be succeeded by Katie Colacarro, who will be promoted from her current role as Director of Internal Audit, effective January 1, 2024. They will be working together over the next several months to ensure a smooth transition, continuing the momentum of the Company’s inorganic growth strategy.
Wearables Bounce Back with 8.5% Growth in Q2 2023 and a Positive Forecast
09/21/2023 | IDCGlobal shipments for wearable devices returned to growth in the second quarter of 2023 (2Q23) reversing two quarters of decline, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
ICZOOM Details Accelerated Growth and Steady Market Expansion Strategy
09/20/2023 | PRNewswireICZOOM Group Inc., a B2B electronic component products e-commerce platform, provided details on the Company's accelerated growth and steady market expansion strategy, as the Company leverages its strengthened balance sheet and fortified global brand following its successful listing on Nasdaq earlier this year.