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OpenGates’ ScioTeq acquires display manufacturer

ScioTeq, a designer and manufacturer of visualisation solutions for the aviation, ATC, defence, and security markets, and a portfolio company of global private equity firm OpenGate Capital, has acquired IRTS, a manufacturer of ruggedised displays and embedded computers for defence, aerospace and industrial applications. 

Terms of the acquisition have not been disclosed.
 
Founded in Toulon, France in 1995, IRTS’s products are used in ground army vehicles and other military applications. 
 
The acquisition of IRTS expands both ScioTeq’s presence in the French market, and its product portfolio and is in line with OpenGate Capital’s investment strategy of using add-on investments to grow and create value in its portfolio companies. 

The deal is the 13th add-on investment completed for the 11 platform companies in OpenGate’s Fund II portfolio. 
 

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