July 5, 2009
Lévis, July 2, 2009 - 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.
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. http://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. http://www.capitalregional.com/