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MULTICAM TO JOIN FORCES WITH KONGSBERG PRECISION CUTTING SYSTEMS

DALLAS, TX (AUGUST 2021) – MultiCam, Inc. a U.S. manufacturer and distributor of Computer Numerical Control (“CNC”) cutting machines and finishing equipment announced today that it has been acquired by OpenGate Capital and Kongsberg Precision Cutting Systems to create the world’s first diversified provider of CNC cutting machines.

From its state-of-the-art manufacturing facility in Dallas, Texas, MultiCam has approximately 130 employees serving customers globally across a large range of verticals including industrials, manufacturing, packaging, and signage and display. MultiCam has seen uninterrupted growth over the last 30 years with a highly diversified customer base providing three categories of CNC cutting solutions: Routers, Digital Finishing and Fabrication Cutting Systems. This partnership allows MultiCam to build upon that success and take it to the next level with significant value creation potential ahead. This merger allows both companies to leverage resources and industry experience and become the next evolution as the CNC cutting and digital finishing market leader; bringing greater benefits to the global customers they serve.

“At MultiCam we have worked for over 30 years to diligently build a world class organization in the focused cutting arenas of routing, fabrication and digital finishing. The MultiCam brand is synonymous with quality, durability and ease of use. We are very pleased to join forces with Kongsberg PCS who has built an outstanding global brand and culture that align directly with what we have here at MultiCam. It has always been my goal to provide the necessary scale to MultiCam to truly become one of the top global cutting companies in all three categories of CNC cutting. Combining Kongsberg’s 50 years of outstanding history in digital finishing and over 12,000 machines installed with MultiCam’s greater than 14,000 installed machines strengthens our position in the global market. I look forward to working side by side with the leadership team at OpenGate Capital and Kongsberg PCS to build a world class global cutting solution provider. Together we are stronger!” David Morse, CEO of MultiCam, Inc.

Kongsberg PCS President, Stuart Fox commented, “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.”

MultiCam will work closely with Kongsberg PCS’ talented management team to grow the business by further penetrating existing end markets, exploring geographic and market expansion across North America and Europe.

About MultiCam, Inc.
Founded in 1989 and based in Dallas, Texas, MultiCam is proud to have served the global manufacturing industry for over 30 years, delivering high-quality Made-in-America products using American made steel, components, and people. MultiCam has delivered over 14,500 machines, each made to order, and built to last. MultiCam supplies innovative, CNC cutting solutions for a multitude of industries and applications ranging from sign making to digital finishing, aerospace to automotive, sheet-metal to plate-steel processing, hardwoods to cabinet making, and thermoform trimming to plastics fabrication. MultiCam provides support to their global customers using a network of sales, service and process application experts, including 60 locations worldwide with 20 Technology Centers across North America. MultiCam’s product portfolio includes CNC Router, Digital Cutter, Laser, Plasma, and Waterjet cutting machines.

About Kongsberg PCS
Kongsberg Precision Cutting Systems (‘Kongsberg PCS’) delivers the most robust and reliable digital cutting solutions to packaging, signage and display markets worldwide. By fusing technology and creativity, Kongsberg PCS drives innovation. It enables customers to produce faster, safer, and more efficiently without limiting imagination. The research and development facility is still located in Kongsberg, Norway, where the company was founded in 1965. The production site is in Brno, Czech Republic. The global head office and customer experience center are in Ghent, Belgium with the North American headquarters in Dayton, Ohio. Kongsberg Precision Cutting Systems is owned by OpenGate Capital, a private equity firm headquartered in Los Angeles, California, with a European office in Paris and investments on five continents. To find out more, please visit www.kongsbergsystems.com

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