Stratasys (SSYS) said Sunday that Fortissimo Capital, an Israeli private equity firm, will invest $120 million to acquire about 14% of the company by purchasing about 11.7 million newly issued shares at $10.30 each.

Prior to the investment, Fortissimo owned 1.5% of Stratasys, the company said.

The terms of the agreement include an 18-month lock-up and standard standstill provisions.

Yuval Cohen, founding and managing partner of Fortissimo, will join Stratasys' board after the transaction closes, replacing an existing director.

The deal is expected to close in Q2, and Stratasys will exempt Fortissimo from its limited duration shareholder rights plan to facilitate the transaction, it said.