Palladium Equity-backed Kymera International completed the acquisition of Fiven from OpenGate Capital.

Palladium Equity-backed Kymera International, a specialty materials and surface technologies company, completed the acquisition of Fiven, a company specialized in silicon carbide, a material used a variety of industrial applications, from OpenGate Capital, a private equity firm. Financial terms were not disclosed. “Thank you to the OpenGate team for their tremendous partnership throughout the entire process and to the hardworking team at Fiven for their contributions. Our close collaboration with OpenGate propelled Fiven’s position as a global leader within the industry, and we are excited about the company’s future with Kymera,” Falk Ast, Fiven CEO.