April 6, 2021 By PrintAction Staff
Kongsberg, a provider of digital finishing solutions, enters a new era today, transforming into a standalone company, the Kongsberg Precision Cutting Systems (Kongsberg PCS). The transformation follows the acquisition of the business by OpenGate Capital.
“This is truly an exciting day for everyone at the company,” said Stuart Fox, president of Kongsberg PCS. “Since 1965, the Kongsberg name has been synonymous with innovation. Our systems have led the industry in delivering precision, reliability and quality through seven decades. Following the acquisition by OpenGate Capital, we will now focus on our future, and the next generation innovation and growth.”
Founded in Norway in 1965, Kongsberg was purchased by Esko (then Barco) in 1998. In December 2020, Esko agreed to sell Kongsberg to the private equity firm OpenGate Capital. The acquisition includes the original research and development facility in Kongsberg, Norway, and the production facility in Brno, Czech Republic.
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