OpenGate Capital Completes Acquisition of ScioTeq and TREALITY from TransDigm Group

LOS ANGELES & PARIS–(BUSINESS WIRE)–OpenGate Capital, a global private equity firm, announced today that it has completed the acquisition of the ScioTeq and TREALITY Simulation Visual Systems (“TREALITY”) businesses from TransDigm Group Incorporated (NYSE: TDG). Terms of the acquisition were not disclosed.

ScioTeq and TREALITY develop and manufacture advanced visualization solutions including ruggedized 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.

Commenting on the acquisition, OpenGate Capital’s Partner and Head of Europe, Julien Lagrèze stated, “OpenGate’s acquisition of ScioTeq and TREALITY is representative…

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