Kongsberg PCS

Leading manufacturer of digital cutting systems targeting the lower volume segments of the packaging and signage display markets.

Headquarters in Ghent, Belgium, an assembly facility in Brno, Czech Republic, and a research and development site in Kongsberg, Norway
In August 2021, Kongsberg acquired MultiCam, Inc., a U.S. manufacturer and distributor of Computer Numerical Control (“CNC”) cutting machines and digital finishing equipment

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Acquired:

April 1, 2021

Transaction Type:

Carve-out

Industry:

Diversified Industrials

Headquarters:

Ghent, Belgium

Source:

Limited Auction Process

Status:

Owned

Transaction Highlights

Kongsberg was a division of Esko-Graphics, a division of the United States public company Danaher Corporation. OpenGate sourced this opportunity through its continuous dialogue and longstanding relationship with the sell side advisor across its Benelux and French offices.

Investment Merits:

Complex Carve-Out Transaction
Highly Reputable Brand: Recognized for the quality of its products and best-in-class services
Global Presence: Through direct sales organization and channel partners
Proven and Motivated Management Team
Organic Growth Potential: Within core and select untapped markets
M&A Growth Opportunities

Value Creation

Execute the complex carve-out expeditiously and stabilize activities within the first year of ownership
Increase commercial focus (maintenance, upgrade of installed base, optimization of go-to-market strategy, etc.)
Expand addressable market and product reach, realized with the MultiCam acquisition
Implement synergies between Kongsberg and MultiCam
Invest in innovation (new product platform, automated tool changer, IoT sensors, etc.)