OpenGate Capital-backed Kongsberg Precision Cutting Systems completed the acquisition of MultiCam.

OpenGate Capital-backed Kongsberg Precision Cutting Systems, a firm that develops, manufactures and markets high-technology aerospace and defense products, completed the acquisition of MultiCam, a manufacturer and distributor of computer numerical control cutting machines and digital finishing products. Financial terms were not disclosed. "This is a monumental day for Kongsberg and MultiCam as it represents a tremendous advantage for our businesses coming together to drive best-in-class cutting and finishing processes for our global customer base. I am excited to begin our work, integrate our businesses, and explore new markets," Stuart Fox, Kongsberg PCS President.