Magnesium Capital completed the acquisition of a minority stake in SCADA International.

Magnesium Capital, a private equity firm, completed the acquisition of a minority stake in SCADA International, a provider of consulting, system engineering and application software development. Financial terms were not disclosed. “For the past 12 years, we have been on a fantastic growth journey with Executive Capital as a significant shareholder. The renewable industry evolves at an accelerating speed, which means that the need for the flexible and future-proofed SCADA and control solutions that we provide are in high demand. So, it is important for us to keep innovating and expanding to meet the needs of our customers. With Magnesium Capital, we now have a partner with vast experience in strategy support within our core market as well as the financial backing to respond to present and future customer requests. For us, this is a perfect strategic fit," Thomas Bagger, SCADA International CEO.