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Fortissimo Capital Fund Acquires Controlling Stake In Kramer Electronics

Kramer Electronics

Fortissimo Capital Fund has acquired a majority interest in Kramer Electronics. Michael and Ben-Zion Hochstein, two of the company’s founders, will retain their interests in the company, while Dr. Joseph Kramer, an entrepreneur and the founder of Kramer Electronics is retiring from the company.

Kramer Electronics develops, manufactures and markets a range of AV products and solutions for corporate, education, command and control, government, live events, healthcare and other applications. Fortissimo Capital Fund is a private equity fund based in Israel that facilitates 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.

“I would like to thank Dr Kramer for the many years he has dedicated to the success of our company. Dr. Kramer was one of the founding fathers of the AV industry and contributed greatly to the company’s position as a world leader in its field,” Itzhak Bambagi, CEO of Kramer Electronics, said. “Fortissimo’s investment in our company is a major milestone and I am confident that under their guidance we can grow and become an even more significant player in the market.”

“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,” Yuval Cohen, Managing Partner of Fortissimo Capital and Chairman of the Board of Kramer added. “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!”

To read more from Sound & Communications, click here.

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