ScioTeq, a manufacturer of visualization services for the aviation, ATC, defense and security markets and a portfolio company of OpenGate Capital, has acquired IRTS, a manufacturer of displays and computers for defense, aerospace and industrial applications.
Headquartered in Toulon, France, IRTS was founded in 1995 and offers industrial electronics focused on research and development for army vehicles and other military applications. The deal aims to expand ScioTeq’s presence in the French market, broaden ScioTeq’s product portfolio and help the company take on a wider breadth of customers.
“IRTS is a highly respected equipment provider within the French market,” states Robert Gibbs, group CEO at ScioTeq. “We’re thrilled by the opportunity to have them both supplement our product portfolio and guide our increasing presence in Europe. We intend to preserve the autonomy, business model, and unique SME culture of IRTS.”