SILKEBORG, DENMARK — January 19, 2023 — The acquisition of SCADA International by funds advised by Magnesium Capital LLP (“Magnesium”) and Morgan Stanley Investment Management, announced on April 7, 2022, was completed on January 5, 2023, following regulatory approval of the transaction. The SCADA International management team is retaining a significant minority position alongside Magnesium and Morgan Stanley Investment Management. Executive Capital, which has been a shareholder since 2010, has fully exited.  

“We are delighted to partner with Magnesium and Morgan Stanley Investment Management in the next phase of our journey.  The partnership gives us the financial capacity to continue investing in R&D and further develop our software solutions, and also allows us to expand our capacity to meet market demand as well as take on strategic acquisitions,” says Thomas Bagger, CEO at SCADA International. 

SCADA International is facing unprecedented growth in the coming years, supported by strong market demand which is driven by societal, economic, and geopolitical factors.  “I believe we, in close cooperation with our new investors, can accelerate our growth over the coming years. It will be an exciting future, and we are indeed looking forward to this new chapter of our journey”, Thomas Bagger adds. 

Magnesium’s Managing Partner, Ian Jones, says: “SCADA International sits at the heart of the Danish renewables industry, yet its solutions and services are key enablers of the energy transition globally.  The Company contributes to the push towards low-carbon energy and is a clear fit with our investment strategy here at Magnesium. We look forward to working with Thomas and his team to continue the growth and development of the business over the coming years.” 

Vikram Raju, Managing Director and Head of Climate Investing for the Private Credit and Equity platform of Morgan Stanley Investment Management, adds:  

“We look forward to this new partnership and are excited about the opportunity to positively contribute to the decarbonization of the energy system and deliver demonstrable environmental impact by supporting SCADA International’s future development. Denmark is a leading player in the green energy transition, and we see great potential in innovative Danish companies like SCADA International that are built on the foundation of empowering a renewable future.”