Nanogate AG agreed to acquire HTP Slovakia Vráble s.r.o. and HTP Electronics GmbH from HTI High Tech Industries AG for 13.2 million.
The transaction is subject to approval from shareholders of HTI in a shareholder meeting to be convened in December 2017. The deal has been approved by the shareholder of HTI on December 19, 2017. The transaction is expected to take place in the first quarter of 2018. HTI will use part of proceeds to repay liabilities. The transaction is expected to increase sales of Nanogate by 30 million in the next fiscal year. Katja Pohl, Stefan Lehr, Myriam Kirschner, Jochen Schlotter, Alexander Rakosi, Anna Wieser, Caroline Schmidt, Dieter Zandler, Martin Trapichler, Sibylle Novak, Molly Kos, Hans Lederer, Jens Winter, Peter Simo, Milan Cervenka and Lukas Makara of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to Nanogate.