Fortissimo Capital Fund Acquires Major Interest in Kramer Electronics
Fortissimo Capital Fund just acquired a majority interest in Kramer Electronics. Michael and Ben-Zion Hochstein, two of the company’s founders, retain their interests in the company, while Joseph Kramer, the third founder of Kramer Electronics, is retiring from the company.
Fortissimo Capital Fund is a private equity fund based in Israel, with proven capabilities to facilitate the growth of technology companies. Fortissimo manages $1.6 billion in capital and has to date invested in approximately 50 companies in Israel and abroad.
Here’s a video interview rAVe’s founder, Gary Kayye, held with Kramer CEO, Itzhak Bambagi, early this morning:
Yuval Cohen, managing partner of Fortissimo Capital and chairman of the board of Kramer added: “Kramer’s continued innovation and innovative solutions including cutting-edge cloud technologies, pioneering methods of delivering AV-over-IP and wireless presentation and collaboration advances have solidified its position as a leader in the industry. Digital multimedia and AV technologies are thriving, and we see Kramer Electronics as a great global platform with over 25 offices worldwide to further grow and enhance its operations. We are thrilled to participate in the next phase of Kramer’s journey!”.