According to a joint release published Monday, the firms expect the transaction to close by the fourth quarter of 2025.
Upon the deal’s closing, OpenGate will keep a minority position in ScioTeq and continue to support the latter’s growth initiatives.
Lazard and McDermott Will & Emery acted as financial adviser and legal counsel, respectively, to OpenGate in the transaction.
What Does ScioTeq Do?
ScioTeq has over four decades of experience designing and producing advanced visualization and computing platforms for the defense, aviation and air traffic control markets. The company manufactures rugged, high-performance display systems and mission-critical electronics that provide situational awareness capabilities in demanding environments.
In 2021, OpenGate acquired ScioTeq from TransDigm Group. Under OpenGate’s ownership, ScioTeq has expanded its market presence and operational capabilities to advance the delivery of visualization platforms to government and industry customers.
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