9th July 2009

Creaform Welcomes Two New Investors

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creaformLévisCreaform, 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 had very positive sales results in Q1, enjoying a 35% increase in year over year revenue.

“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.

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