Kongsberg transforming into a standalone business

Kongsberg’s transformation to innovate and expand the business

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Kongsberg
Kongsberg Precision Cutting Systems

Kongsberg, one of the most trusted and established names in the digital finishing industry, entered into a new era on 6 April, 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 this Precision Cutting System brings the opportunity to innovate and expand the business into new markets. It 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 of Kongsberg PCS. “Since 1965, the company 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 with 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.

Fox speaks about Kongsberg’s growth

“This is an opportunity for our 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 brand beyond the packaging industry.

“Whilst we are excited about the future, we are also committed to ensuring we honor our heritage. We have an incredible team of 400 people, many of whom have been a part of the company family for more than 30 years,” said Fox. “The company values that are important to our customers –  the strength, the performance, the longevity of the machine – will endure. Sales, service, consumables, and spare parts will all continue as usual,” added Fox. 

“Customers will receive the same level of service during the transition, and they can look forward to business as usual throughout 2021. “We will continue investing in our table technology, and in the coming months, we will be showcasing the latest developments with our automation solutions,” said Fox.

 

In 2024, we are looking at full recovery and growth-led investment in Indian printing

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