Israeli 3D printing company Nano Dimension (Nasdaq: NNDM), which raised more than $ 1 billion in Nasdaq bids in recent months, is expanding its search for acquisition targets. The company hired European Investment Bank CarlSquare to help find attractive acquisition targets in Europe after contracting Needham last year for the same target in the US. Related materials Israeli 3D printing company Nano Dimension increases to US $ 1 billion for Israeli 3D printing Nano Dimension which is designated for the major takeover Yoav Stern, president and CEO of Nano Dimension, said, “Our research into mergers and acquisitions has evolved over the past two quarters. We have expanded its geographic footprint. We are now focusing on two types of acquisition objectives: One will dramatically expand market access channels and give us exposure to vertical markets while the other targets include a group of companies that have transformative technologies and products complementary to our product roadmap. Current SPACs, especially in the US market, are causing the price of some targets to rise; Hence, we take the opportunity to filter out valuations that do not fit our business model. As we have strong cash reserves, we are accelerating the development of our technology and products beyond the mid-2020 plans. I am confident that with the help of our investment banking partners, we will accelerate the merger and acquisition process to support our growth plans synergistically. “Nano Dimension’s share price has risen 2,160% since April 2020 with some help from the RobinHood app, which has recommended the company has been shared several times over the past year. Nano Dimension’s stake has also been recommended by hedge fund expert Cathy Wood. The sharp rise in price has come. The stock even though Nano Dimension has meager and unprofitable revenue.In the first nine months of 2020 the company’s revenue was $ 1.4 million, down 72% from the corresponding period in 2019, and Nano Dimension recorded a net loss of $ 31 million, compared to a net loss. $ 7 million in the same period in 2019. Nano-Dimension’s share price is up 3.68% in today’s pre-market trade to $ 15.21, giving a market cap of $ 2.6 billion. Posted by Globes, Israeli Business News – en.globes. co.il – on February 3, 2021 © Copyright Globes Publisher Iton ut (1983) Ltd. 2021
CEO, Nano Dimension: SPAC caused acquisition prices to spike
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