NANOGATE AG / Key word(s): Investment/Acquisition
07.07.2015 09:56
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
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announcement.
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Nanogate acquires 100 % stake in subsidiary GfO
GfO's sales and earnings significantly improved since Nanogate's
participation - Majority option exercised for outstanding shares - Capacity
expansion in inkjet technology concluded
Göttelborn, Germany, 7 July 2015. As previously announced, Nanogate AG, a
leading international integrated systems provider for high-performance
surfaces, has acquired a 100 % stake in its subsidiary GfO AG as part of
its growth strategy. In view of the good prospects and the previously
strong level of growth, Nanogate exercised its existing majority option at
the start of the year acquiring the almost 25 % outstanding shares.
Meanwhile, the capacity expansion in the inkjet division has been
concluded. Thanks to new orders - in the automotive sector for example -
the second plant will shortly be running at high capacity.
Ralf Zastrau, CEO of Nanogate AG, commented: "With its many years of
experience in series production, GfO is a fundamental part of the Nanogate
Group. We now intend to expand the close collaboration from increasing
business activities with new projects and so have acquired the outstanding
shares as announced. The market for high-quality coatings is continuing to
develop extremely rapidly, and we are appropriately equipped to meet the
challenge. The good prospects are also confirmed by the strong demand for
our inkjet technology - unique in Europe - the second plant now having
doubled capacities."
Since Nanogate's participation, the subsidiary's sales and operating result
have increased significantly, resulting in Nanogate already extending its
equity holding to 75 % plus one share. Confidentiality has been agreed on
the purchase price, which also includes a small share component in addition
to cash.
Production launch for second inkjet production plant
The second-generation inkjet coating facility increases not just capacity,
but also significantly improves efficiency. The new inkjet machine features
an innovative printing technology, improved processes and greater speed. It
means, for example, that several orders can be processed simultaneously.
The investment volume is in the low seven-digit euro range. The new inkjet
facility allows Nanogate subsidiary GfO AG to create more jobs at the
Schwäbisch Gmünd site. First and foremost, the inkjet technology enables
the partial coating of small, two-dimensional plastic components to a high
optical standard without a mask. The technology, which is unique in Europe,
makes it possible to quickly implement the production of large numbers of
components efficiently and at above-average standards of quality.
Nanogate on Twitter: http://twitter.com/nanogate_ag
If you have any queries, please contact:
Christian Dose (financial press and investors)
Cortent Kommunikation AG
Tel. +49 (0)69 5770 300 0
nanogate@cortent.de
Liane Stieler-Joachim
Nanogate AG
Tel. +49 (0)6825 9591 220
liane.stieler-joachim@nanogate.com
Nanogate AG
Zum Schacht 3
66287 Göttelborn, Germany
www.nanogate.com
Nanogate AG:
Nanogate (ISIN DE000A0JKHC9) is a leading international integrated systems
provider for high-performance surfaces. The Group, which is based in
Göttelborn (Saarland), enables the programming and integration of
additional properties - such as non-stick, scratchproof and anti-corrosive
- into materials and surfaces. True to its slogan 'A world of new
surfaces', Nanogate opens up the diverse possibilities of multifunctional
surfaces based on new materials for companies in a wide range of
industries.
Nanogate provides its customers with technologically and optically
high-quality systems. To do so, the company uses its extensive knowledge of
innovative materials and processing procedures. The aim is to improve
customers' products and processes by means of high-performance surfaces
while achieving environmental benefits. The Group concentrates on
attractive sectors such as automotive/transport, mechanical/plant
engineering, buildings/interiors and sport/leisure as well as on the
strategic growth areas of advanced polymers and advanced metals. Nanogate
has a unique combination of extensive materials expertise paired with
comprehensive, first-class process and production know-how. As a systems
provider, Nanogate offers services throughout the entire value chain, from
the purchase of raw materials, to the synthesis and formulation of the
material systems, right through to the enhancement and production of the
finished surfaces. The Group focuses primarily on optically high-quality
plastic and metal coatings for all surface types (two and three-dimensional
components). Its value drivers are the opening up of new, international
markets, the development of new applications for the strategic growth areas
of advanced polymers (innovative plastics, e.g. glazing) and advanced
metals (innovative metal enhancements, primarily energy efficiency) as well
as external growth. In the medium term, Nanogate also intends to achieve a
considerable revenue share from environmentally friendly systems and
processes.
The Nanogate Group has first-class references (e.g. Airbus, Audi, August
Brötje, BMW, BSH Bosch und Siemens Hausgeräte, Daimler, FILA, Jaguar,
Junkers, Porsche, Volkswagen). Several hundred projects have already gone
into mass production. The company also has strategic partnerships with many
international corporations. Nanogate comprises Eurogard B.V., GfO
Gesellschaft für Oberflächentechnik AG, Nanogate Industrial Solutions GmbH,
Nanogate Textile & Care Systems GmbH, Nanogate Glazing Systems B.V., Vogler
GmbH and a majority stake in Plastic-Design GmbH.
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.
07.07.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: NANOGATE AG
Zum Schacht 3
66287 Göttelborn
Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@cortent.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9
WKN: A0JKHC
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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DGAP-News: Nanogate acquires 100 % stake in subsidiary GfO
| Source: EQS Group AG