Nanogate : Acquires Entirety of Nanogate PD Systems Subsidiary

Göttelborn, Germany, January 17, 2017. Nanogate AG, a leading global specialist for design-oriented high-tech surfaces and components, is continuing its course of expansion and has now fully acquired its Nanogate PD Systems GmbH subsidiary. Nanogate initially took over 35 percent of the plastics specialist in 2012 and has since successively increased its equity holding in view of the favorable economic development. The purchase price is in the low single-digit million range. The subsidiary is already fully consolidated.

Ralf Zastrau, CEO of Nanogate AG, commented: 'Our subsidiary is a great success story. Since our involvement, sales have more than tripled, and profitability has also improved considerably. In the future, we also expect a strong performance and great interest in our innovative glazing components that are produced and enhanced in Bad Salzuflen. That is why we have now decided, in accordance with our strategic focus, to also acquire the remaining shares in Nanogate PD Systems.'

Within the Nanogate Group, Nanogate PD Systems GmbH (formerly Plastic-Design GmbH) is the center of excellence for the integrated production and design-oriented, multifunctional coating of glazing components. The Group has repeatedly expanded its capacities in light of the strong demand for innovative plastics with glass-like properties. The components are primarily supplied to premium automobile manufacturers, both in Europe as well as in the US and Asia.