Stratasys – a leader in polymer 3D printing solutions – announced that Fortissimo Capital, a leading Israeli private equity fund investing in technology and industrials, has agreed to invest $120 million in the company, acquiring about 14% of Stratasys’ issued and outstanding ordinary shares through a direct purchase of 11,650,485 newly issued ordinary shares at $10.30 per share, reflecting a premium of 10.6% over the closing market price on January 31, 2025.
Before this deal, Fortissimo held about 1.5% of Stratasys’ issued and outstanding ordinary shares. With this deal, Fortissimo will hold approximately 15.5% of Stratasys’ issued and outstanding ordinary shares. The terms of the agreement also include an 18-month lock-up and customary standstill provisions, subject to certain caveats specified below.
Stratasys expects this partnership to enhance shareholder value, support the continued execution of Stratasys’ strategy to drive growth, and further strengthen the company’s balance sheet as it seeks to capture inorganic value-creation opportunities in the additive manufacturing industry.
In connection with this deal, Yuval Cohen, Founding and Managing Partner of Fortissimo, will be appointed to the Stratasys Board of Directors at the deal’s closing, replacing a Stratasys director to be named at that time. Mr. Cohen brings more than 30 years of financial and leadership experience working closely with companies to achieve strategic goals through innovative approaches.
Meitar | Law Offices is acting as legal counsel to Stratasys. Gornitzky & Co. is acting as legal counsel to Fortissimo Capital.
KEY QUOTES:
“Fortissimo’s investment underscores confidence in our leadership and performance, our ability to deliver solutions that solve customer needs and our long-term growth potential. Fortissimo is an experienced private equity investor with a growth focus, deep understanding of our business and a proven track record of investment in private and public technology companies. We are excited to partner with Fortissimo and believe their meaningful investment and partnership-oriented approach will enable us to drive additional long-term value for all shareholders.”
- Dr. Yoav Zeif, Director and Chief Executive Officer of Stratasys
“We believe in the future of additive manufacturing and are confident in Stratasys’ leading role in shaping the industry. We have long respected their history of solving customers’ critical manufacturing challenges and are confident they exemplify the necessary and strategic approach to fulfill the potential of 3D printing. We look forward to being a part of Stratasys’ next chapter as we collaborate with its strong management team to build on the Company’s fundamental strengths to the benefit of the Company’s stakeholders.”
- Yuval Cohen, Founding and Managing Partner of Fortissimo
