OpenGate Capital, a global private equity firm, today announced the completed acquisition of Kongsberg Precision Cutting Systems from Esko. Kongsberg manufactures digital cutting systems and develops integrated software and hardware solutions for packaging, labels and large format worldwide.
Andrew Nikou, founder and CEO of OpenGate Capital, stated, “With an increased focus on digitization in the industrial sector, Kongsberg is well positioned to develop new operations and innovative solutions that drive organic growth. This is an exciting time in the development of Kongsberg and we look forward to working with us in the years to come. “
The company has invested across the European region since 2007 and continues to focus on identifying global opportunities in the industrial sector. Kongsberg is the eighth platform investment and fifth company carve-out to have been carried out in OpenGate’s second fund.