Fortissimo to invest $120m in Stratasys for 14% stake

The Israeli Private Park Company Fortissimo has entered into an investment agreement in the Israeli company Polymer Solutions Strategy (Nasdaq: ssys). Fortissimo, run by IS Yuval Cohen, will invest $ 120 million at $ 10.30 per share, which reflects a 10.6 % bonus on the closing price in Wall Street on Friday. This is contrary to the average 10 % discount on similar pipe deals. Before the last deal, Fortissimo has held a 1.5 % stake in Stratsys and will now carry a 15.5 % stake. Cohen will join the company’s board of directors.

The deal is made by assessing the company worth $ 740 million for Stratsys, which is currently in the market on the Nasdaq Stock Exchange. The deal includes a period of 18 months in which shares will be banned. “This partnership enhances the value of shareholders, and supports continuing implementation of Stratas strategy to lead growth and enhance the company’s public budget as it seeks to obtain opportunities to create inorganic value in the additional industrial industrial industry.”

The reviews in the 3D printer market have decreased dramatically in recent years, and this could create opportunities to acquire Stratsys, which even before the Fortissimo investment was about $ 144 million in cash, not debt. In the past, I tried to obtain desktop minerals from the United States in the stock deal, but Stratsys share the deal, and to send the company to study strategic options to provide value to shareholders. About two years ago, at the same time that she was trying to get a desktop metal, Stratsys was the focus of an attempt to acquire by two companies in industry – Nano dimension in Israel and the US Systems. The bids are estimated at $ 1.6-1.7 billion dollars, away from its current evaluation.

It is not the first investment in Fortimmo in digital printing

Fortissimo has already has an experience in investments in digital printing. In the past, it has achieved successful exits from Nur Macroprinters and Kornit Digital, and the private stock company has also invested in the deep technology companies Titon and Velox. Other prominent investments include Fortissimo Telco Cellcom and Food Company Sugat and software software. Among the most prominent exits is Sodastream.

Dr. Yoof Zev, CEO of Stratsys, said, “Fortissimo’s investment confirms confidence in our leadership and performance, and our ability to provide solutions that solve customer needs and long -term growth potential. A busy record for investment in private and public technology companies.

“We believe in the future of additional manufacturing and we are confident in the leading role in Stratassys in forming industry. 3D printing capabilities,” Cohen added.

The deal is expected to be closed in the second quarter of 2025, taking into account organizational approval. As part of the deal, the Stratsys Fortissimo board of directors will exclude from the “Poison Pill” mechanism that it created in an attempt to repel previous acquisition attempts. Fortissimo will be able to increase its share, and if it reaches 20 %, it will be able to request a second manager, as well as Cohen.

It was published by Globes, Israel Business News – En.globles.co.il – on February 3, 2025.

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