Fortissimo Capital completes $120 million acquisition of 14% of Stratasys shares; CEO Yoav Zeif steps down from board
Summary
Fortissimo Capitals 120 million USD investment in Stratasys has closed, with the private equity fund acquiring 14% of the companys issued and outstanding ordinary shares. In line with the deal, Stratasys CEO Dr. Yoav Zeif has voluntarily stepped down from the Stratasys board, with Yuval Cohen, Founding and Managing Partner of Fortissimo, taking his spot. His rich business experience will bring great value to the company as it continues its path as a global leader in the field of 3D printing." Cohen added: "Fortissimo made this significant investment in Stratasys out of recognition of its leadership, the tremendous growth potential inherent in its technology portfolio and its dedicated management team led by Yoav. I look forward to working with the companys outstanding Board of Directors and management to unlock value for customers, employees and shareholders."
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