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Esko to sell Kongsberg business to OpenGate

Software and hardware solutions provider Esko has announced plans to sell its Kongsberg digital finishing business to private equity firm OpenGate Capital.

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Financial terms of the sale agreement were not disclosed

The planned sale includes the original research and development facility in Kongsberg, Norway and the production facility in Brno, Czech Republic.

The new Kongsberg PCS company would be led by Stuart Fox as president, while Esko says the sale will not impact customers, since most of the employees who currently serve them would continue to do so as part of the new stand-alone business.

Reseller relationships would also be transferred to Kongsberg PCS.

Mattias Byström, president of packaging and colour management companies Pantone, Esko, X-Rite and AVT, says: “Esko is concentrating our efforts on delivering end-to-end workflow solutions for our customers across the packaging supply chain: from brands to pre-media to packaging printers and converters.
 

I am confident that OpenGate will be a strong, strategic home for Kongsberg

“With a sharpened focus, we can accelerate our delivery of integrated software and hardware technologies to help our customers digitise, automate, and connect their operations so they can realise the growth and efficiency that digital transformation offers.  

“I am confident that OpenGate will be a strong, strategic home for Kongsberg, and that the employees who will transfer with the business will thrive in their new home.”

The sale remains subject to applicable information and consultation with staff representative bodies under applicable local law.

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