Kongsberg Digital Finishing Transforms Into Standalone Business
- Published: April 06, 2021
Kongsberg, one of the most trusted and established names in the digital finishing industry, enters a new era, transforming into a standalone company, Kongsberg Precision Cutting Systems (‘Kongsberg PCS’). The transformation follows the acquisition of the business by OpenGate Capital.
The transformation of Kongsberg PCS brings with it the opportunity to innovate and expand the business into new markets. This marks a new chapter for Kongsberg PCS, a brand with a rich heritage spanning more than half a century.
“This is truly an exciting day for everyone at the company,” said Stuart Fox, president, 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 the sale of Kongsberg to 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.
“This is an opportunity for the Kongsberg team to realize its ambitions, and to explore new markets,” added Fox. “We will be developing strategic initiatives to further innovate our digital finishing hardware and software solutions, as well as growing the Kongsberg brand beyond the packaging industry.”
For more information, visit https://www.kongsbergsystems.com.