AMETEK Acquires Creaform, a Novacap Portfolio Company

On October 30, 2013 NOVACAP Technologies III L.P. and Desjardins Venture Capital Inc. completed the sale of Creaform Inc., to AMETEK, Inc. a leading global manufacturer of electronic instruments and electro-mechanical devices for approximately $120 million US.

Novacap and Desjardins Venture Capital made their original investment in Creaform in 2009. Based in Levis, near Quebec City, Creaform grew substantially through organic growth and tuck-in acquisitions to become a leading developer, manufacturer and distributor of innovative portable 3D measurement technologies, and provider of 3D engineering services.

Creaform operates innovation centers in Levis, and Grenoble, France, and has direct sales operations in the United States, France, Germany, China, Japan and India. It joins AMETEK as part of its Electronic Instruments Group (EIG) — a recognized leader in advanced monitoring, testing, calibrating, and display instruments.

McMillan LLP acted as legal counsel to the sellers with a team comprised of Charles Chevrette (Corporate), Edna Wong (Corporate), Maya Damoun (Corporate), Elisa Henry (IP),Pierre-Christian Hoffman (Corporate), Michel Ranger (Tax) and Carl Irvine (Tax).

To view the press release, please click here.