Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Nanogate accelerates expansion with acquisition of GfO – New dimensions in sales and profits expected

Abstract:
The purchase of GfO Gesellschaft für Oberflächentechnik mbH makes Nanogate the leading European provider of high-performance surfaces for industrial applications - Lasting boost to Group sales and profits expected - Transaction to be completed by year-end

Nanogate accelerates expansion with acquisition of GfO – New dimensions in sales and profits expected

Goettelborn, Germany | Posted on August 19th, 2010

The majority takeover of GfO Gesellschaft für Oberflächentechnik mbH propels Nanogate (ISIN DE000A0JKHC9), a leading international nanotechnology enabler, to the top slot in Europe as the leading system provider of high-performance surfaces for industrial applications. The technology company GfO specialises in technical and optical surface enhancement as well as using an inkjet technology unique worldwide to apply coatings. For the current year GfO is expecting sales of at least EUR 10 million and substantially positive earnings. Nanogate is investing a total of around EUR 1.5 million in the 51 % stake in GfO. Nanogate is increasing its Group sales forecast for 2010 to at least EUR 16 million (previous forecast: at least EUR 13 million) and expects that the acquisition will make a contribution to the operating result early on.

Ralf Zastrau, CEO of Nanogate AG, "With this transaction we are going to achieve a new dimension in sales and earnings, and are adding proprietary coating technology to our materials expertise. GfO will strengthen our position in the attractive market for high-performance surfaces for industrial applications, enabling us to open up this segment even faster. The products from Nanogate and GfO complement each other perfectly, and our clients will benefit from the merger thanks to a completely integrated product range. From the first quarter of 2011 we are anticipating significant additional sales and earnings. We expect to be able to grow at least 10% faster together and to be able to raise our EBIT margin to at least 15% in the medium term. In addition to strategic reasons, the deal comes with an attractive financing model that upholds Nanogate's liquidity. The merger with GfO gives Nanogate a unique competence in functionalising surfaces, with a focus on plastics and metals. We are combining GfO's excellent process skills with Nanogate's materials expertise."

Gerd Leichner, Managing Director of GfO, "We are now using Nanogate's outstanding materials expertise to reinforce our coating technology, which has been respected for many years. Our customers will benefit from nanotechnology because it will enable us to use new materials in future that are more cost-effective or offer greater performance. We will be able to grow faster with Nanogate and tap new market segments. As a result of the merger we now have the opportunity to position ourselves as a competence centre for high-quality, innovative surfaces. Together, Nanogate and GfO have a strong distribution network and great sales potential with direct access to design and development divisions at companies in a wide variety of sectors. This will enable us to further develop our position as one of the leading providers of surface systems for industrial applications."

Transaction to be completed by end of 2010

The sales agreement provides for both a cash and a share payment, totalling around EUR 1.5 million overall. The existing GfO shareholders have agreed to a minimum holding period of 15 months for the new Nanogate shares. They are to retain a stake of 49 % at GfO and will stay on as managers of the company. The transaction is expected to be concluded by the end of the year. Nanogate has already secured a call option for the remaining 49 % of the shares.

The takeover will benefit Nanogate right from 2010. Company management is therefore lifting its Group sales forecast to at least EUR 16 million (previously EUR 13 million). Nanogate is already expecting the acquisition to make a contribution to the operating result. At Group level EBIT will improve significantly compared with last year. From 2011 onwards the majority stake will pay off in the form of considerably improved earnings and stronger sales growth.

Broad client mix from the automotive industry to white goods

GfO was established in 1977 as a subsidiary of Degussa AG in Schwaebisch Gmuend and was acquired by its current management in 1993. The technology company with some 150 employees enhances surfaces with new characteristics on behalf of industrial clients. This can involve giving surfaces a highly efficient, conductive shield against electromagnetic disturbances or enabling them to withstand scratches and protecting them from environmental influences, all thanks to GfO technology. GfO has special expertise in enhancing valuable and complex three-dimensional objects to a high optical standard. To do so the company applies specially developed and patented manufacturing processes, including an inkjet technology that is unique worldwide which enables coatings to be carried out selectively without the use of individualised templates. GfO specialises in coatings for plastics and metals.

GfO is for example the European market leader in high-performance antifog coating systems. Applications for such systems include uses in Xenon and LED headlight systems for motorcars. GfO's proprietary technology was, for instance, recently used to develop the first radio-controlled key in high-glossy black with a scratch resistant surface. The customer base consists of companies in the communications, automation, automotive, aerospace, medical devices, HVAC, decoration and jewellery, and white goods industries.

Annual market for industrial surfaces hits EUR 800 million

The market for industrial surfaces in Europe amounts to around EUR 16.5 billion, of which the high-performance surfaces segment accounts for some EUR 2.9 billion. Within this segment, Nanogate and GfO concentrate on high-margin sub-sectors such as energy-efficiency coatings, inkjet coatings or multi-functional transparent coatings. Nanogate estimates these sub-sectors at an annual volume of around EUR 800 million, with double-digit growth rates. Michael Jung, COO of Nanogate AG, "Together, Nanogate and GfO cover the entire value chain, from purchasing raw materials to formulating the material systems right through to enhancing the finished surfaces. As an integrated system provider we can offer industrial customers powerful solutions from a single source. A key advantage is that together we can reduce development times and open up the international market much faster."

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.

####

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 firm, which is based in Goettelborn (Saarland), enables the programming and integration of additional properties – such as non-stick, anti-bacterial, anti-corrosive and ultra-low friction – into materials and surfaces. 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 on the basis of technology platforms. The company thus provides a decisive interface for the commercial use of chemical nanotechnology and bridges the gap between the suppliers of raw materials and industrial conversion into products. In doing so, Nanogate 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 nanocomposities and nanostructured materials to powerful support for innovation and product integration.

The Nanogate Group currently has 81 employees in all (as of July 2010) and since commencing operations in 1999 has been a trailblazer in nanotechnology. The company has first-class customer references (e.g. ABB, BSH Bosch-Siemens Haushaltsgeräte, Kärcher, Koenig & Bauer AG, Opel and REWE Austria) and many years’ experience of different industries and applications. To date, more than 180 projects have gone into mass production. Nanogate has also entered into strategic cooperations with international companies such as the GEA Group and Dow Corning. The Group also includes Nanogate Advanced Materials GmbH, which specialises in complex applications like high-performance optics, FNP GmbH in the area of sport/leisure, a majority shareholding in Holmenkol AG and a shareholding in sarastro GmbH.

For more information, please click here

Contacts:
Stefan Otto (financial press and investors)
Cortent Kommunikation AG
Tel. +49 (0)69 5770 300-0


Lea Christ (business and trade press)
MPW COMMUNICATIONS Public & Investor Relations
Tel. +49 (0)69 9592 90-12


Nanogate AG
Zum Schacht 3
66287 Goettelborn
Germany

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

First Observation of Electronic Structure in Ag-Rh Alloy Nanoparticles Having Hydrogen Absorbing: Storage Property –Attempting to solve the mystery of why Ag-Rh alloy nanoparticles have a similar property to Pd– October 30th, 2014

Iranians Present Model to Predict Photocatalytic Process in Removal of Pollutants October 30th, 2014

Production of Biocompatible Polymers in Iran October 30th, 2014

Amorphous Coordination Polymer Particles as alternative to classical nanoplatforms for nanomedicine October 30th, 2014

Products

HZO Teams With Deutsche Telekom to Unveil the Waterproof Tolino Vision 2 eReader: The New HZO Protected eReader Ushers in a New Era of Waterproof Electronics, Providing a Seamless User Experience Without the Risk of Using Port Doors and Mechanical Seals October 10th, 2014

7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014

Next-Gen Luxury RV From Global Caravan Technologies Will Offer MagicView Roof and Windshield Using SPD-SmartGlass Technology From Research Frontiers: Recreational Vehicle Manufacturer Global Caravan Technologies (GCT) Features 28 Square Feet of MagicView™ SPD-SmartGlass September 17th, 2014

Fonon at Cutting-Edge of 3D Military Printing: Live-Combat Scenarios Could See a Decisive Advantage with 3D Printing September 15th, 2014

Materials/Metamaterials

Production of Biocompatible Polymers in Iran October 30th, 2014

New solar power material converts 90 percent of captured light into heat: SunShot Project aims to make solar cost competitive October 29th, 2014

Watching the hidden life of materials: Ultrafast electron diffraction experiments open a new window on the microscopic world October 27th, 2014

Polymeric Scaffold Recreates Bladder Tissue October 27th, 2014

Announcements

First Observation of Electronic Structure in Ag-Rh Alloy Nanoparticles Having Hydrogen Absorbing: Storage Property –Attempting to solve the mystery of why Ag-Rh alloy nanoparticles have a similar property to Pd– October 30th, 2014

Iranians Present Model to Predict Photocatalytic Process in Removal of Pollutants October 30th, 2014

Production of Biocompatible Polymers in Iran October 30th, 2014

Amorphous Coordination Polymer Particles as alternative to classical nanoplatforms for nanomedicine October 30th, 2014

Financial Reports

Aspen Aerogels, Inc. Schedules Third Quarter 2014 Earnings Release and Conference Call for November 6, 2014 October 17th, 2014

Nanometrics to Announce Third Quarter Financial Results on October 28, 2014 October 8th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Arrowhead Reports Fiscal 2014 Third Quarter Financial Results and Provides Update on ARC-520 August 12th, 2014

Industrial

Iranians Present Model to Predict Photocatalytic Process in Removal of Pollutants October 30th, 2014

Researchers patent a nanofluid that improves heat conductivity October 22nd, 2014

New Nanocomposites Help Elimination of Toxic Dyes October 15th, 2014

Perpetuus Carbon Group Receives Independent Verification of its Production Capacity for Graphenes at 140 Tonnes per Annum: Perpetuus Becomes the First Manufacturer in the Sector to Allow Third Party Audit October 7th, 2014

Acquisitions/Mergers/Splits

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

Applied Nanotech Holdings, Inc. and NanoHoldings Inc. Complete Combination to Create PEN Inc.: New Company to Focus on Commercialization of Advanced Nanotechnology-Enabled Products; Scott Rickert Is Chairman and CEO September 2nd, 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