Esko, a developer of integrated software and hardware solutions for the packaging and label sectors, confirms the successful closing of the sale of its Kongsberg digital finishing business to OpenGate Capital on April 1.
OpenGate Capital is a private equity firm headquartered in Los Angeles, California. The new business, Kongsberg Precision Cutting Systems, now employs roughly 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, says, “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.”