Israel’s Fortissimo Makes Strategic $120M Investment to Accelerate 3D Stratasys’ Innovation.

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Date: Tuesday February 4, 2025 03:20:07 pm
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    Israel’s Fortissimo Makes Strategic
    $120M Investment to Accelerate 3D Stratasys’ Innovation.

    Stratasys, a leader in 3D printing, has secured a major boost with a $120 million investment from Israeli private equity fund Fortissimo. This move sees Fortissimo acquiring 11.65 million shares of Stratasys at $10.30 per share—10.6% above the closing price on Nasdaq last Friday.

    With this investment, Fortissimo will take an active role in shaping Stratasys’ growth strategy and bolstering its financial position as the company looks to explore new opportunities in the rapidly growing additive manufacturing sector.

    Additionally, Yuval Cohen, Fortissimo’s founder and managing partner, will join Stratasys’ board of directors. “We have great confidence in the future of additive manufacturing and Stratasys’ pivotal role in shaping its evolution,” said Cohen. “Their legacy of solving critical manufacturing challenges and strategic approach to 3D printing makes them uniquely positioned to unlock the full potential of this technology. We’re excited to collaborate with their team to build on these strengths for the benefit of all stakeholders.”

    The investment comes at a crucial time for Stratasys, coinciding with the release of its Q4 results, which show revenue between $150.1 and $150.5 million. While sales of 3D printers increased, consumable sales declined. This timely funding is seen as key to strengthening Stratasys’ stability and future growth.

    Dr. Yoav Zeif, CEO of Stratasys, expressed confidence in the partnership: “Fortissimo’s investment reinforces our leadership and ability to meet customer needs while supporting our long-term growth potential. Their deep understanding of our business and expertise in technology investments make them an ideal partner to help us generate additional value for our shareholders.”

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