OpenGate Capital is a private equity firm headquartered in Los Angeles, California, with a European office in Paris and investments on five continents. Esko confirmed the successful closing of the sale of its Kongsberg digital finishing business to OpenGate Capital on April 1st 2021.
The new business, Kongsberg Precision Cutting Systems, now employs around 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.
Mattias Byström, President of Pantone, Esko and X-Rite, said the sale to OpenGate Capital enables both Esko and Kongsberg’s digital finishing to develop their own strategic directions. ‘Under the leadership of Stuart Fox, we are sure Kongsberg Precision Cutting has exciting times ahead. We wish the team the very best for the future.’