OpenGate Capital’s Kongsberg Precision Cutting Systems Makes Acquisition

Los Angeles-based private equity investor OpenGate Capital said that one of its portfolio companies, Kongsberg Precision Cutting Systems, has acquired another company, MultiCam, from private equity investor Rosewood Private Investments. Financial terms of the acquisition were not announced. MultiCam is a manufacturer and distributor of Computer Numerical Code (CNC) cutting machines. OpenGate Capital said the acquisition is the seventh add-on investment it has made for its platform companies in its Fund II portfolio.