# OpenGate Capital completes acquisition of AICO S.p.A.

Global private equity firm OpenGate Capital completed the acquisition of AICO S.p.A. as an add-on to its earlier acquisition of Jøtul Group. The deal aims to create synergy between Jøtul Group and AICO in the domestic heating industry.

- Type: Acquisition
- Announced: 2017-11-12
- Where: Italy
- Status: completed
- Products: wood stoves, fireplaces
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [OpenGate Capital](https://endata.com/companies/19786.md) (acquirer)
- [AICO S.p.A.](https://endata.com/companies/31152.md) (target)
- [Jøtul Group](https://endata.com/companies/31153.md) (partner)

## Sources

- [eng.ravelligroup.it](https://eng.ravelligroup.it/2018/04/opengate-capital-completes-acquisition-of-aico-s-p-a/), 2018-04-05: "An integral part of our full potential operational strategy is to drive value into the businesses we acquire through add-on acquisitions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.