WALTHAM, MA – Nano Dimension said it will continue to consider its options after Stratasys rejected its proposal to acquire the company.

Nano Dimension is the largest active shareholder of Stratasys, an Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing, with a 14.5% ownership stake, and made a proposal to acquire Stratasys for $18 per share in cash.

“We are disappointed in Stratasys’ refusal to engage with Nano Dimension regarding our compelling offer, which would have delivered immediate value at a substantial premium to Stratasys’ shareholders amid a challenging market environment,” said Yoav Stern, chairman and CEO of Nano Dimension. “After constructive discussions with Stratasys’ CEO, we were surprised that the Stratasys board was unwilling to engage in an open dialogue around a combination of our businesses. While we remain open to discussions, we are disciplined with regards to our growth strategy and will consider our options, relative to both Stratasys and alternative strategic acquisition targets currently under review.”