04:01 AM EST, 02/03/2025 (MT Newswires) -- Stratasys ( SSYS ) said Sunday that Fortissimo Capital, an Israeli private equity firm, will invest $120 million to acquire about 14% of the company by purchasing about 11.7 million newly issued shares at $10.30 each.

Prior to the investment, Fortissimo owned 1.5% of Stratasys ( SSYS ), the company said.

The terms of the agreement include an 18-month lock-up and standard standstill provisions.

Yuval Cohen, founding and managing partner of Fortissimo, will join Stratasys' ( SSYS ) board after the transaction closes, replacing an existing director.

The deal is expected to close in Q2, and Stratasys ( SSYS ) will exempt Fortissimo from its limited duration shareholder rights plan to facilitate the transaction, it said.