OpenGate completes acquisition of ScioTeq and TREALITY
OpenGate completes acquisition of ScioTeq and TREALITY Submitted 01|07|2021 - 3:51pm OpenGate Capital, a global private equity firm, has completed the acquisition of the ScioTeq and TREALITY Simulation Visual Systems (TREALITY) businesses from TransDigm Group Incorporated. Terms of the acquisition have not been disclosed. ScioTeq and TREALITY develop and manufacture advanced visualisation solutions including ruggedised displays and simulation systems to serve a diversified, customer base across avionics, aerospace, air traffic control, and security end markets. Combined, the businesses have approximately 450 employees and operate primarily in Belgium and the United States with a global customer base. TransDigm Group divested the businesses to realign their core business strategy. OpenGate Capitals Partner and Head of Europe, Julien Lagrèze, states: OpenGates acquisition of ScioTeq and TREALITY is representative of the full suite of our cross-border investment capabilities in action.
OpenGate completes acquisition of ScioTeq and TREALITY
OpenGate completes acquisition of ScioTeq and TREALITY Submitted 01|07|2021 - 3:51pm OpenGate Capital, a global private equity firm, has completed the acquisition of the ScioTeq and TREALITY Simulation Visual Systems (TREALITY) businesses from TransDigm Group Incorporated. Terms of the acquisition have not been disclosed. ScioTeq and TREALITY develop and manufacture advanced visualisation solutions including ruggedised displays and simulation systems to serve a diversified, customer base across avionics, aerospace, air traffic control, and security end markets. Combined, the businesses have approximately 450 employees and operate primarily in Belgium and the United States with a global customer base. TransDigm Group divested the businesses to realign their core business strategy. OpenGate Capitals Partner and Head of Europe, Julien Lagrèze, states: OpenGates acquisition of ScioTeq and TREALITY is representative of the full suite of our cross-border investment capabilities in action.