Scada International (Scada Holding and the companies in the group) has entered into an agreement to be acquired by funds advised by Magnesium Capital (Magnesium) and upon closing, will become part of Magnesium’s portfolio of technology and tech-led service businesses.
The Scada International management team is reinvesting alongside Magnesium and will retain a minority position in the company. Executive Capital, who has been shareholders since 2010, has sold all its shares in the company as part of this transaction. The transaction is subject to regulatory approvals.