French investment group to take majority stake in Flemish defence firm ScioTeq

French investment firm Tikehau Capital is set to acquire a majority stake in the Flemish defence company ScioTeq, according to a press release issued on Monday. The financial details of the transaction have not been disclosed.

Headquartered in Kortrijk, ScioTeq specialises in high-performance display systems for the aerospace and defence sectors. In addition to its Belgian headquarters, the company operates facilities in France and the United States and has commercial offices in India and Singapore.

ScioTeq, established in the 1980s as part of Belgian technology group Barco, was acquired in 2021 by the American investment fund OpenGate Capital, which will now retain a minority stake.

Tikehau Capital currently manages assets worth more than 50 billion euros.

^{#FlandersNewsService | Illustration picture shows displays at the National Oceanic and Atmospheric Administration's National Hurricane Center in Miami © PHOTO CHANDAN KHANNA / AFP}

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