Nanogate AG (XTRA:N7G) entered into a strategic partnership agreement to acquire 50% stake in ERBIWA GmbH on May 9, 2019. Pursuant to the terms of the agreement, the consideration will be paid in cash and stock. Once the 50% stake is acquired, Nanogate AG intends to eventually expand this stake. For the purpose of financing the transaction, Nanogate AG may carry out a capital increase in kind which would be in the lower single-digit percentage range of its current share capital. In 2018, ERBIWA GmbH generated sales of more than €15 million. The transaction is subject to successful implementation of a number of conditions. Ernst & Young acted as financial as well as due diligence provider to Nanogate AG. Nanogate AG (XTRA:N7G) cancelled the acquisition of 50% stake in ERBIWA GmbH on May 9, 2020.