NANOGATE AG
DGAP-News: NANOGATE SE / Key word(s): Takeover Nanogate Completes Acquisition of Design Studio heT - Significant boost to company's design and engineering expertise - First joint projects set to begin in 2018 Göttelborn, Germany, July 3, 2018. Nanogate SE, a leading global specialist for design-oriented high-tech surfaces and components, has completed its acquisition of Holzapfel Engineering Team GmbH (heT). The closing of the transaction is now complete following the signing of the acquisition in May. Nanogate expects the first joint projects to begin in the current year. Ralf Zastrau, CEO of Nanogate SE, said, 'In the few short weeks since announcing the acquisition, we have received a large number of queries from our customers. The feedback has been overwhelmingly positive and proves that this move toward growth is right for us. With the long-established design company heT on board, we are significantly strengthening our competitive position. As the components business gains importance, we are benefiting from our larger services portfolio and now have many years of experience along every step of the value chain. Our goal is to jointly develop the high-quality plastic components of the next generation, and produce them within the Group as part of an integrated system. We are seeing great interest in innovative and design-oriented surfaces and components from international corporate groups in both the automotive and industrial business. Since 1995, heT has worked with several luxury and premium goods manufacturers in the automotive and other industries, such as home appliances. The company, which is based in Böblingen, Germany, has had a hand in the development and design of well-known brand-name products. It specializes in the complete development and design validation of complex plastic components of the highest optical quality. The purchase price for the complete shares of heT GmbH is in the mid-single-digit million range and comprises cash and share components (from a capital increase against contributions in kind). The company, which generated net sales in 2017 in the mid-single-digit million range while obtaining an attractive EBITDA margin, and has no financial liabilities, will continue to be run by the current management team. Contact Nanogate SE Nanogate (ISIN DE000A0JKHC9) is a leading global specialist for design-oriented high-tech surfaces and components of very high optical quality. The Group employs around 1,500 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive). The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic with its own production facilities. True to its slogan 'A world of new surfaces', Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers' products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group focuses on attractive applications, primarily for its target industries, which are the automotive, aviation, home appliances, interior, leisure, and medical sectors. As a systems provider, Nanogate offers the entire value chain materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets, the development of new applications, particularly for the strategic areas of glass-like (N-Glaze) and metallized (N-Metals) surfaces, as well as external growth. Disclaimer This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate SE (the 'Shares') may not be offered or sold in the United States or to or for the account or benefit of 'U.S. persons' (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the 'Securities Act')). No offer or sale of transferable securities is being made to the public.
03.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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Nanogate SE published this content on 03 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 July 2018 07:48:03 UTC
