OpenGate Capital, a global private equity firm, has completed the acquisition of the ScioTeq and Treality Simulation Visual Systems businesses from TransDigm Group Inc.
ScioTeq and Treallity develop and manufacture advanced visualization services including ruggedized displays and simulation systems to serve a customer base across avionics, aerospace, air traffic control, and security end markets.
OpenGate Capital’s partner and head of Europe, Julien Lagrèze stated, “OpenGate’s acquisition of ScioTeq and Treality is representative of the full suite of our cross-border investment capabilities in action. TransDigm required a buyer with the expertise to acquire a multi-jurisdictional business, which we met with speed and certainty. We intend to capitalize on the strengths of each business to enhance their market positions through organic growth and M&A while accelerating continuous improvement efforts and digital transformation.”
The acquisition of ScioTeq and Treality represents the eighth transaction for OpenGate this year following the acquisitions of Verdant Specialty Solutions from Solvay, Kongsberg Precision Cutting Systems from Esko, the InRule Technology add-on acquisition of SimMachines, and the realizations of Bois & Materiaux, Energi, and the Axti and skylights divisions from SMAC.