CA-OPENGATE-CAPITAL
6.4.2021 08:02:09 CEST | Business Wire | Press release
OpenGate Capital , a global private equity firm, announced today the completed acquisition of Kongsberg Precision Cutting Systems (“Kongsberg”), from Esko. Kongsberg is a manufacturer of digital cutting systems, a global developer of integrated software and hardware solutions for the packaging, label, and wide format sectors. Terms of the acquisition were not disclosed.
Established in 1965, Kongsberg is a recognized leader in providing high speed, clean, precision cutting for packaging, signage, and display purposes with operational facilities in Belgium, Czech Republic, and Norway.
OpenGate Capital’s Founder and Chief Executive Officer Andrew Nikou stated, “With the heightened focus on digitization in the industrial sector, Kongsberg is well positioned to develop new operational efficiencies and innovative solutions to drive organic growth. This is an exciting time in Kongsberg’s evolution, and we are looking forward to collaborating together in the years ahead.”
OpenGate intends to leverage the firm’s OGx® platform to accelerate Kongsberg’s growth. Launched in 2018, the firm’s proprietary OGx platform is an operational capability for fostering digital transformation. OGx combines continuous innovation with strategic partnerships to fulfill a vision of driving commercial excellence, operational growth and, ultimately investment performance. As industrial companies are rapidly adopting technology as a driver of growth, OpenGate is fast becoming a leader in the development of digital transformation applications for businesses within the lower-to-middle market.
The acquisition of Kongsberg highlights OpenGate Capital’s longstanding history of investing across the European region since 2007, as well as the firm’s continued focus on identifying global opportunities within the industrial sector. Kongsberg is the eighth platform investment and fifth corporate carve-out completed in OpenGate’s second fund.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build, and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buyouts, special situations, and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20210405005011/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Bending Spoons enters into €500 million SACE-backed term loan facility28.7.2026 13:30:00 CEST | Press release
Bending Spoons S.p.A. (NASDAQ: BSP) announced today that it has entered into a new €500 million medium-long-term financing provided by HSBC Continental Europe (acting as Sole Coordinator and MLA), Intesa Sanpaolo S.p.A. (acting as SACE Agent and MLA), and BPER Banca Corporate & Investment Banking (acting as Structuring Advisor and MLA). The facility, which matures in March 2031, benefits from a guarantee provided by SACE, in advancement of SACE’s mission to support the international growth of Italian businesses. Together with €495 million of additional term loan A financing and a €490 million increase in commitments under Bending Spoons’ revolving credit facility, the transaction brings the aggregate amount of new and expanded facilities agreed by Bending Spoons from the beginning of the second quarter to €1.49 billion. Both the term loan A financing and the additional revolving credit facility commitments are available for general corporate purposes and acquisitions, with each of the
Promega Achieves 100% Renewable Electricity Across Global Operations28.7.2026 13:00:00 CEST | Press release
Sustainability accomplishments announced in life sciences company's 2026 Corporate Responsibility Report Promega Corporation today released its 2026 Corporate Responsibility Report, detailing significant environmental and social progress across its global operations. The report marks three milestones for the company: achievement of 100% renewable electricity across all global operations, the completion of a comprehensive value chain emissions inventory and validation of near-term emissions reduction targets by the Science Based Targets initiative (SBTi). “Our 100% renewable electricity reflects years of deliberate investment, from solar arrays on the Madison campus to renewable partnerships in the communities where we operate,” says Corey Meek, Promega Global Sustainability Manager. “Looking forward, we will continue working to strategically reduce the environmental impact of our global business.” Promega recently completed its first comprehensive greenhouse gas inventory across its gl
Lenovo Powers Esports World Cup 2026 as a Founding Partner28.7.2026 11:00:00 CEST | Press release
Lenovo™ joins EWC 2026 as a Global Partner with expanded integration across competition technology at the world’s largest esports eventLenovo Legion™ desktop PCs and monitors will equip players, broadcast operations, training facilities, and festival experiences throughout Paris this summerFans can experience the latest Legion innovations, including the Legion Pro Rollable Concept, during the seven-week competition The Esports Foundation (EF) and Lenovo today announced an expanded partnership, with Lenovo becoming a Global Partner of the Esports World Cup 2026 (EWC) and powering the world’s largest esports event with its high-performance Legion gaming devices. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260712251027/en/ The EWC 2026 will be bringing the world’s largest esports event to Paris for the first time, welcoming more than 2,000 players, 200 esports teams and fans from over 100 countries between July 6 and August
Ten Finalists Announced for the Reply AI Film Festival, the International Competition Bringing Together Cinema and Artificial Intelligence28.7.2026 10:00:00 CEST | Press release
The jury, chaired by Gabriele Salvatores, will announce the winners in Venice on Sunday, 6 September. The Reply AI Film Festival returns for its third edition, reaffirming its role as a meeting point for cinema, creativity and artificial intelligence. The international competition created by Reply – open to creatives experimenting with new AI technologies and tools in the production of short films – has announced its ten finalists. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260728146486/en/ The international competition created by Reply – open to creatives experimenting with new AI technologies and tools in the production of short films – has announced its ten finalists. The festival will take place in Veniceduring the days of the 83rd Venice International Film Festival of La Biennale di Venezia. Selected from more than 3,000 short films submitted from 76 countries, the finalist works will take centre stage at the awards
USHIO Industry & Entertainment Announces Trademark Licensing Agreement for OSRAM-Branded Professional Technical Lighting Products28.7.2026 08:30:00 CEST | Press release
Agreement ensures continuity for customers while supporting USHIO Industry & Entertainment's business strategy USHIO Industry & Entertainment (USHIO INE) today announced the signing of a trademark licensing agreement with ams OSRAM, that enables the company to continue offering designated professional technical lighting products under the trusted OSRAM product brand. The agreement marks an important milestone following USHIO's acquisition of the former OSRAM Entertainment & Industry business and reinforces the company's commitment to ensuring continuity for customers, products and long-standing partnerships worldwide. For customers, the agreement provides continuity for professional technical lighting products that have earned a strong reputation across entertainment, cinema, industrial and other specialty lighting applications. These products will continue to be supported by USHIO Industry & Entertainment's global organization, technical expertise and customer service. "The signing of
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom