Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Nanogate AG continues growth course and completes full takeover of Nanogate Advanced Materials

Abstract:
Completed increase in Holmenkol AG equity shareholding ensures significant value enhancement

Nanogate AG continues growth course and completes full takeover of Nanogate Advanced Materials

Saarbrücken, Germany | Posted on May 26th, 2008

Nanogate AG (ISIN DE000A0JKHC9) is continuing its external growth. The nanotechnology company now holds all of the shares in its subsidiary Nanogate Advanced Materials GmbH. For a purchase price in the mid six-figure range, Nanogate has acquired the remaining part of the company's stock, around 22%, from joint venture partner Air Products.

With the completion of the transaction Nanogate now has full control of its subsidiary Nanogate Advanced Materials GmbH. The company develops and markets complex applications and systems for high-volume, high-margin markets. In the future the company will concentrate mainly on nanostructured optics applications such as Nanogate AG's trendsetting Dotfarm(TM) optics technology. In this area Nanogate has in recent months already signed two cooperation agreements in Asia. Against this backdrop Nanogate increased its equity holding in Nanogate Advanced Materials GmbH from 55% to around 78% in the first quarter and made substantial funds available for further corporate development.

At the same time Nanogate has now completed the increase in its equity holding in Holmenkol AG from 30% to 50% and secured an option to acquire a majority. The aim is to make Holmenkol the leading international company in sport surfaces. Since Nanogate acquired a holding in Holmenkol in 2002 sales have increased substantially and a significant increase in enterprise value has been achieved. In the medium term the company, which has a tradition of over 85 years in manufacturing brand-named products, intends to continue to grow dynamically. In addition to its core segment winter sports Holmenkol is currently opening up other attractive growth markets such as water sports and outdoor activities. Holmenkol's further growth will be funded entirely by a capital increase financed by Nanostart. Holmenkol was converted into an Aktiengesellschaft in the first quarter of 2008.

Ralf Zastrau, Chairman and CEO of Nanogate AG, said, 'External growth is one of the paving stones in our path to expansion. At the same time the two transactions underpin our strategy and confirm our know-how as an enabler to generate added value. Nanogate is now in a position to benefit to a greater degree from dynamic developments in both markets. In the optics segment in particular we anticipate sales potential in high double-digit millions and attractive margins.'

####

About Nanogate AG
Nanogate is a leading international enabler in the nanotechnology growth market and so opens the gate to this technology for its customers. The Saarbrücken-based firm enables the programming and integration of additional properties such as non-stick, anti-bacterial, anti-corrosive, ultra-low friction. Nanogate thereby gains a competitive edge for its customers by product refinement using chemical nanotechnology. Nanogate covers a wide range of industries, functions and substrates already on the basis of technology platforms. The company thus provides a decisive interface for the commercialisation of chemical nanotechnology, bridges the gap between raw materials and their industrial conversion into products and concentrates as an enabler on one of the most attractive segments in the industry. As a partner in innovation, Nanogate provides many services along the value chain - from development and production of innovative nanocomposites and nanostructured materials to powerful support for innovation and product integration.

The Nanogate Group currently has 60 employees in all (as of 31 December 2007) and since commencing operations in 1999 has been a pioneer in nanotechnology. Nanogate is a high-growth company and has operated profitably since financial year 2004. In financial year 2007 it boosted consolidated sales by about 32.8% to around EUR 10.4 million. The earnings before taxes (EBT, according to IFRS) increased by about 32.8% to around EUR 1.5 million. The company has first-class customer references, such as ABB, BSH Bosch-Siemens Hausgeräte, Kärcher and Koenig & Bauer AG, and many years' experience of different industries and applications. It has also entered into strategic cooperation with US companies Dow Corning and Ceradyne/ESK Ceramics and Authentix and with Giesecke & Devrient. The Group's consolidated entity includes Nanogate Advanced Materials GmbH, which specialises in safety engineering and optics. Nanogate also holds an investment with a majority option in Holmenkol AG.

Disclaimer: This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate AG (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 outside Germany. 26.05.2008

For more information, please click here

Contacts:
Christian Dose (Financial press and investors)
equinet Communications AG
Tel. +49 (0)69 58997-302


Klaus Reuning (Business and trade press)
MPW FINANCE Public & Investor Relations
GmbH
Tel. +49 (0)69 959290-0


Nanogate AG
Gewerbepark Eschbergerweg
D-66121 Saarbrücken

Copyright © Nanogate AG

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014

Canatu Launches CNB In-Mold Film for Transparent Touch on 3D Surfaces –in Cars, Household Appliances, Wearables, Portables November 20th, 2014

Announcements

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014

Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014

Acquisitions/Mergers/Splits

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

PEN Inc. Chairman, Scott Rickert, Will Webcast a Live Company Update September 25, 1 PM EDT September 17th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE