Esko closes Kongsberg sale to OpenGate Capital
Esko has confirmed the successful closing of the sale of its Kongsberg digital finishing business to OpenGate Capital on 1 April 2021.
OpenGate Capital is a private equity firm headquartered in Los Angeles, California, with a European office in Paris and investments on five continents.
The new business, Kongsberg Precision Cutting Systems, now employs about 400 former Esko employees operating from the business’ original research and development facility in Kongsberg, Norway, the production facility in Brno, Czech Republic, a new headquarters in Gent, Belgium as well as other global locations.
“This sale enables both Esko and Kongsberg Precision Cutting Systems to develop their own strategic directions. Under the leadership of Stuart Fox, we’re sure Kongsberg Precision Cutting has exciting times ahead. We wish the team the very best for the future,” said Mattias Byström, President of Pantone, Esko and X-Rite.