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Two major investment companies partner with Creaform | July 2, 2009
Novacap and Capital régional et coopératif Desjardins become shareholders of the high tech company
LÉVIS, QC, July 2 /CNW Telbec/ - Creaform, developer and manufacturer of the Handyscan 3D line-up of handheld and self-positioning laser scanners, and specialized in 3D technologies, announces an important investment from two major Canadian investment companies: Novacap and Capital régional et coopératif Desjardins (CRCD).
"Creaform now has two first-rate financial partners, said Charles Mony, president of Creaform. Their expertise in finance and economy will be very precious to us, in particular in the realization of future expansion and acquisition projects. Plus, Novacap's and CRCD's financial support will help us speed up our growth and strengthen both our well-established line-ups of products, Handyscan 3D and HandyPROBE, while carrying on with our R&D efforts."
"Creaform is certainly a jewel amongst the Canadian high technology companies, and will rapidly become a world leader in its industry. Creaform is a great addition to Novacap's technology portfolio, and we are thrilled to work with them going forward and to contribute to their success", said Pascal Tremblay, general partner at Novacap.
"We are proud to join Novacap in supporting Creaform's growth. Thanks to the quality and diversification of its clientele and the experience of its team of employees, Creaform is well-positioned on the growing market of 3D scanning", said Luc Ménard, vice-president of Desjardins Venture Capital.
This agreement was signed after Creaform has announced very positive sales results for Q1, that is to say a 35% year over year revenue increase.
About Creaform
Creaform is a world-class technological company offering 3D digital solutions with offices in Canada, the United States, France, China and Japan. Creaform combines every 3D process and technology with innovative solutions that can cover the entire range of 3D needs: 3D scanning, reverse engineering, inspection, design and engineering and FEA. Our wide range of products and services as well as our advanced training program are intended for companies from the automotive, aerospace, consumer products, education, heritage preservation & architecture, manufacturing, medical care and multimedia industries, among others.
Creaform has developed and sells the Handyscan 3D(TM) line of scanners. These state-of-the-art self-positioning handheld 3D laser scanners are known for the high accuracy of the 3D scanning data they generate, their true portability, and ease of use. Creaform also manufactures and sells the HandyPROBE(TM) portable arm-free CMM, a probing system designed for inspection applications. www.creaform3d.com
About Novacap
Founded in 1981, Novacap is one of the market leaders in private equity investments in Canada with more than $800 million under management. Its partnership approach with management teams allowed several businesses to accelerate their growth and maximize their value. Novacap provides active support, deep operational expertise and long term capital to help companies realize their full potential. www.novacap.ca
About Capital régional et coopératif Desjardins
Founded in 2001, Capital régional et coopératif Desjardins is a publicly traded company managed by Desjardins Venture Capital. With over 122,000 shareholders, the Company contributes to Québec's economic development while driving the growth of cooperatives and the resource regions. Capital régional et coopératif Desjardins currently supports more than 200 companies and cooperatives in various industries spanning all Québec regions. www.capitalregional.com
For further information: Creaform: André Couture, Vice-president, Finance and Business Development, (418) 833-4446, x 204, acouture@creaform3d.com
© 2005 CNW Group Ltd, all rights reserved
LÉVIS, QC, July 2 /CNW Telbec/ - Creaform, developer and manufacturer of the Handyscan 3D line-up of handheld and self-positioning laser scanners, and specialized in 3D technologies, announces an important investment from two major Canadian investment companies: Novacap and Capital régional et coopératif Desjardins (CRCD).
"Creaform now has two first-rate financial partners, said Charles Mony, president of Creaform. Their expertise in finance and economy will be very precious to us, in particular in the realization of future expansion and acquisition projects. Plus, Novacap's and CRCD's financial support will help us speed up our growth and strengthen both our well-established line-ups of products, Handyscan 3D and HandyPROBE, while carrying on with our R&D efforts."
"Creaform is certainly a jewel amongst the Canadian high technology companies, and will rapidly become a world leader in its industry. Creaform is a great addition to Novacap's technology portfolio, and we are thrilled to work with them going forward and to contribute to their success", said Pascal Tremblay, general partner at Novacap.
"We are proud to join Novacap in supporting Creaform's growth. Thanks to the quality and diversification of its clientele and the experience of its team of employees, Creaform is well-positioned on the growing market of 3D scanning", said Luc Ménard, vice-president of Desjardins Venture Capital.
This agreement was signed after Creaform has announced very positive sales results for Q1, that is to say a 35% year over year revenue increase.
About Creaform
Creaform is a world-class technological company offering 3D digital solutions with offices in Canada, the United States, France, China and Japan. Creaform combines every 3D process and technology with innovative solutions that can cover the entire range of 3D needs: 3D scanning, reverse engineering, inspection, design and engineering and FEA. Our wide range of products and services as well as our advanced training program are intended for companies from the automotive, aerospace, consumer products, education, heritage preservation & architecture, manufacturing, medical care and multimedia industries, among others.
Creaform has developed and sells the Handyscan 3D(TM) line of scanners. These state-of-the-art self-positioning handheld 3D laser scanners are known for the high accuracy of the 3D scanning data they generate, their true portability, and ease of use. Creaform also manufactures and sells the HandyPROBE(TM) portable arm-free CMM, a probing system designed for inspection applications. www.creaform3d.com
About Novacap
Founded in 1981, Novacap is one of the market leaders in private equity investments in Canada with more than $800 million under management. Its partnership approach with management teams allowed several businesses to accelerate their growth and maximize their value. Novacap provides active support, deep operational expertise and long term capital to help companies realize their full potential. www.novacap.ca
About Capital régional et coopératif Desjardins
Founded in 2001, Capital régional et coopératif Desjardins is a publicly traded company managed by Desjardins Venture Capital. With over 122,000 shareholders, the Company contributes to Québec's economic development while driving the growth of cooperatives and the resource regions. Capital régional et coopératif Desjardins currently supports more than 200 companies and cooperatives in various industries spanning all Québec regions. www.capitalregional.com
For further information: Creaform: André Couture, Vice-president, Finance and Business Development, (418) 833-4446, x 204, acouture@creaform3d.com
© 2005 CNW Group Ltd, all rights reserved
