2023
July 20 – Nano Dimension recordsdata grievance in NY Supreme Court docket alleging shareholder “misconduct”
July 19 – Stratasys recordsdata investor presentation
July 17 – Stratasys to enter discussions with 3D Techniques regardless of Desktop Steel merger settlement
- Stratasys says that the revised supply from 3D Techniques, plus the corporate supply to pay termination charges to Desktop Steel, would “fairly be anticipated” to end in a “superior proposal” to the merger with Desktop Steel
July 14 – The Donerail Group Delivers Open Letter to the Stratasys Board of Administrators
July 13 – 3D Techniques submits third Stratasys takeover supply, price $2 billion
July 5 – Stratasys shareholders to vote on Nano Dimension’s proposed Board of Administrators at 2023 AGM
June 30 – 3D Techniques reaffirms dedication to mixture with Stratasys
June 30 – Stratasys shareholder Donerail Group LP expresses concern over Desktop Steel merger in open letter
June 27 – Stratasys to advise shareholders on newest Nano Dimension supply inside 10 working days
June 27 – 3D Techniques submits improved Stratasys takeover bid; Stratasys board to assessment
June 21 – Nano Dimension responds to Stratasys
June 21 – Stratasys re-addresses Nano Dimension tender supply
June 20 – Stratasys responds to 3D Techniques takeover bid (& 3D Techniques reply again)
June 20 – 3D Techniques points replace to shareholders on its proposal to accumulate Stratasys
June 2 – TCT Interview – Stratasys CEO Yoav Zeif particulars the technique behind Desktop Steel merger
June 2 – 3D Techniques supply for Stratasys made public
Might 30 – 3D Techniques makes Stratasys takeover try
Might 30 – Desktop Steel adopts shareholder rights plan to ‘maximise worth’ in take care of Stratasys
Might 30 – Stratasys board unanimously rejects partial tender supply from Nano Dimension
Might 25 – 7 issues we discovered from Stratasys & Desktop Steel’s Joint Transaction Traders Name
Might 25 – Stratasys & Desktop Steel: What we all know thus far
Might 25 – Nano Dimension commences particular tender supply for Stratasys
Might 25 – Stratasys and Desktop Steel to merge in deal price $1.8 billion
- Stratasys and Desktop Steel announce they’ve entered right into a definitive settlement for the 2 firms to mix in an all-stock transaction valued at round 1.8 billion USD
- Stratasys and Desktop Steel anticipate the mixed firm to generate 1.1 billion in 2025 income, with ‘vital upside potential’ in a complete addressable market of greater than 100 billion by 2032
- The transaction, which the businesses anticipate to shut within the fourth quarter of 2023, will see present Stratasys shareholders personal roughly 59% of the mixed firm, and legacy Desktop Steel stockholders personal roughly 41% of the corporate, in every case, on a completely diluted bases as acknowledged within the press launch
April 13 – Stratasys rejects third bid of $1.22 billion from Nano Dimension
April 5 – Stratasys completes Covestro Additive Manufacturing acquisition
April 5 – Nano Dimension publicizes particular tender supply in tried takeover of Stratasys
April 3 – Nano Dimension revises proposal to accumulate Stratasys to $20.05 per share in money
April 3 – Stratasys rejects improved Nano Dimension takeover bid price $1.2 billion
March 30 – Nano Dimension will increase Stratasys takeover supply to $19.55 per share
March 22 – Nano Dimension calls out “falsehoods, misinformation” from Murchinson
March 22 – Stratasys rejects $1.1 billion takeover bid from Nano Dimension
March 20 – Murchinson declares victory in battle for Nano Dimension
March 10 – Nano Dimension presents $1.1 billion to accumulate Stratasys
- By this level, Nano Dimension owns roughly 14.5% of Stratasys’ excellent shares, (13.7% on a completely diluted foundation), and has been the biggest shareholder since July 2022. The formal supply that has been made would purchase the remaining shares for a complete consideration of roughly 1.1 billion USD in money
- Nano Dimension says the proposal delivers instant and sure worth to Stratasys’ shareholders and can ‘vastly’ strengthen the corporate’s capability to capitalise on alternatives within the present atmosphere
March 7 – Nano Dimension reiterates that shareholder assembly held by Murchinson is “unlawful and invalid”
March 6 – Murchinson points presentation detailing ‘pressing want for change’ at Nano Dimension
February 17 – Nano Dimension hires Lazard Ltd to advise on potential mergers and acquisitions
February 13 – Murchinson publicizes particular basic assembly of Nano Dimension shareholders
February 3 – TCT Explainer: The ability battle at Nano Dimension
February 2 – Desktop Steel to put off an additional 15% of workforce as $50m price discount plan commences
- Desktop Steel launches one other plan in a bid to scale back prices and switch a revenue.
January 31 – Nano Dimension points letter to shareholders, calls Murchinson “Shady”
January 30 – Nano Dimension adopts shareholder rights plan to stop takeover bid
2022
- An early signal of instability on the prime of Nano Dimension as the corporate instructed these thinking about buying Nano need to ‘dismantle it.’
August 9 – TCT Explainer: Why Stratasys is buying Covestro’s additive manufacturing enterprise
August 8 – Stratasys set to accumulate Covestro’s 3D printing supplies enterprise
August 1 – TCT Additive Perception Podcast #95 – Nano Dimension acquires stake in Stratasys
July 25 – TCT Explainer: Why Nano Dimension has invested in Stratasys
July 25 – Stratasys deploys shareholder rights plan in bid to discourage hostile takeover
July 18 – Nano Dimension acquires 12% stake in Stratasys
- Nano Dimension makes a shock transfer in buying 12% of the excellent shares in Stratasys, however would later play down the thought it might search to accumulate the corporate outright.
June 13 – Desktop Steel to put off 12% of workers and consolidate services footprint
2021
August 12 – Desktop Steel to accumulate ExOne in $575 million deal
- In one of many largest developments of the 12 months, Desktop Steel integrates its largest binder jet competitor.
March 26 – TCT Additive Perception #58 – Stratasys enters powder mattress fusion market
March 24 – Stratasys enters powder mattress fusion market
- Stratasys continues its bid to construct out essentially the most complete polymer 3D printing portfolio within the trade by releasing a know-how based mostly on Excessive Velocity Sintering.
March 15 – Desktop Steel launches Desktop Well being enterprise line with Michael Mazen Jafar on the helm
February 26 – TCT Additive Perception #55 – Stratasys acquires RPS + workplace pleasant metallic 3D printing developments
January 22 – TCT Additive Perception #52 – Desktop Steel buys EnvisionTEC + extra 3D printing acquisitions
January 15 – Desktop Steel acquires EnvisionTEC in $300 million deal
- Desktop Steel broadens its horizons by coming into the polymer 3D printing area.
2020
December 10 – Desktop Steel now publicly listed on New York Inventory Change as Trine acquisition authorised
December 9 – Stratasys to accumulate 3D printing start-up Origin in $100 million deal
August 25 – Desktop Steel to go public at worth of $2.5 billion in take care of Trine Acquisition Corp
- Desktop Steel kickstarts a development of additive manufacturing firms going public by way of Particular Objective Acquisition Companies.
2019
December 17 – Yoav Zeif appointed as CEO of Stratasys
December 5 – Yoav Stern appointed as President and CEO of Nano Dimension
2018
March 19 – Desktop Steel receives $65 million in funding spherical led by Ford Motor Firm
2017
April 25 – TCT goes behind the scenes at Desktop Steel HQ
- As Desktop Steel got here out of stealth and introduced its Studio and Manufacturing metallic 3D printing programs, CEO Ric Fulop and his group invited TCT to tour the corporate’s headquarters.
2016
July 6 – GE Ventures and Saudi Aramco put money into 3D printing startup Desktop Steel
- With out a lot as a prototype in sight, Desktop Steel raised a complete $52M in funding from Kleiner Perkins, New Enterprise Associates, Lux Capital, and Stratasys, whose founder Scott Crump would additionally serve as a board observer for the corporate.
