Creaform is a world-class and innovative technological company offering 3D digital solutions.
- Sector Technology, Media & Telecommunications (TMT)
- Fund Novacap Technologies III
Both the metrology industry as well as the geographic markets in which Creaform operates offer appealing growth rates as Creaform’s core technology is profoundly disruptive.
Growth prospects are further secured by significant barriers to entry (intellectual property, production efficiency, customer loyalty).
Creaform’s technological lead is strong, including key disruptive attributes of the 3D scanning product line (handheld, self-positioning system, real-time optimization and display, auto-calibration).
Novacap helped Creaform enlarge its vision and provided guidance on how to succeed in a global marketplace. Novacap wanted to grow the Company’ sales by completing acquisitions to broaden its product offering and leverage its distribution channels.
Novacap saw an opportunity to expand into new geographical markets, specifically in the United States, Europe and Asia and into key sectors such as medical, education and multimedia. It helped the Company successfully acquire two businesses. The investment team took an active role in all contemplated acquisitions in order to optimize the decision making process and the cost-benefit analysis.
On October 29, 2013, Novacap successfully sold Creaform to Ametek, a global manufacturer of electronic instruments and electromechanical devices, for $125 million.