Tikehau Capital has entered into exclusive negotiations to acquire a controlling stake in ScioTeq from OpenGate Capital, which will retain a minority interest in the business. This secondary buyout follows a successful four-year turnaround and carve-out from the American equipment manufacturer TransDigm. Since 2021, the target has significantly improved its operational performance, expanding its international footprint and sharply increasing its profitability. The transaction is supported by a unitranche facility provided by J.P. Morgan. Strategic rationale for the new ownership cycle includes expanding the target's presence in the land and naval defense sectors and pursuing further European bolt-on acquisitions. The partnership aims to capitalize on the structural growth of global defense spending and the target's unique position as a critical European technology provider.

ScioTeq is a leading European specialist in the design and manufacturing of advanced visual display solutions and embedded computing systems for the aviation, defense, and security markets. Originally a division of the Belgian group Barco, the company’s business model centers on high-reliability, "ruggedized" technology capable of operating in extreme environments. Its product portfolio includes cockpit displays for civil and military aircraft, as well as mission-critical screens for ground vehicles and naval applications. ScioTeq serves as a vital tier-one supplier to global aerospace and defense primes, with operations balanced between Europe and the United States (Atlanta site). Its value proposition is anchored in being the sole major European independent player in a market dominated by American competitors, providing critical technological sovereignty for European defense programs.