Company Plans to Adopt a Further Thirteen Machines Worldwide
Lod, Israel, 15th October 2020 – Massivit 3D Printing Technologies, the leading provider of large-volume 3D printing solutions, has announced that US-based Sassoon Holdings Group has purchased two Massivit 3D printing solutions to initiate its new global venture, MASS 3D. The company will launch a flagship 3D service bureau in Athens by the end of 2020 and plans to expand the venture globally, adopting an additional thirteen Massivit 3D printers in the USA, Italy, and Thessaloniki over the next two years.
Leveraging Massivit 3D’s penetration in multiple markets, Sassoon Holdings will establish a network of franchises that similarly serve a range of industries and applications including entertainment fabrication, architecture, and aerospace, with a vision to expand into additional markets.
David E. Sassoon, CEO of Sassoon Holdings, commented “We have identified immense opportunity in Greece and are aiming to help develop the country’s technology sector, which will in turn generate jobs and attract foreign investments.”
“We aim to support local startups and entrepreneurs by leveraging Israeli technology and American entrepreneurial knowhow.”
The company’s COO, John Kiriakou, also referred to the recent strengthening of economic and political ties between Greece and Israel, remarking, “Greece is a strategic partner to both Israel and the United States with shared values and aspirations. This venture has the potential for exponential growth.”
Massivit 3D’s CEO, Erez Zimerman, said “We are thrilled to have Sassoon Holdings Group join our global network. This collaboration further confirms the growing opportunities for fast, large-volume 3D printing technology across multiple industries.”
One of the first projects MASS 3D will implement with their new Massivit 1800 printers is next year’s 200-year anniversary of Greece’s independence from Ottoman rule.
Once established in Athens and Thessaloniki, Sassoon Holdings plans to expand its large-volume 3D printing business by installing additional Massivit 3D printers in Atlanta, Rome and Las Vegas next year followed by installations in Milan, London, Los Angeles, New York, Houston, and Dubai in 2022.
About Sassoon Holdings Group
Sassoon Holdings Group (www.sassoonholdings.com) is an American family holding private equity firm that operates across the United States, Africa, Greece, Israel, South and Central America. Initially founded in 1921 as Sassoon & Co by Elias Nissim Sassoon, Sassoon Holdings Group invests on a global basis across a wide range of asset classes including private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, technology, energy, hospitality, financial services, and secondary funds.
About Massivit 3D
Massivit 3D Printing Technologies Ltd. (www.massivit3D.com) is a pioneer of large-volume 3D printing solutions for the Engineering, Visual Communications, Entertainment, Architecture and Education markets. The company’s solutions enable rapid, cost-effective production of full-scale prototypes, molds and models. Founded in 2013 by a team of recognized industry experts, Massivit 3D is headquartered in Lod, Israel and provides its worldwide community with end-to-end services supported via an extensive dealer network.
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