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Nanogate increases equity holding in Plastic-Design
NANOGATE AG / Key word(s): Acquisition
09.01.2013 10:44
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Nanogate increases equity holding in Plastic-Design
Shareholding climbs to 76 % - EUR 1.2 million increase in equity secures
investments - Construction for the new glazing centre of excellence already
begun
Göttelborn, Germany, 9 January 2013. Nanogate AG (ISIN DE000A0JKHC9), the
leading international integrated systems provider for high-performance
surfaces, has increased its equity holding in Plastic-Design GmbH from 35 %
to 76 % due to the attractive prospects in the market and advances in the
field of glazing. This goes hand in hand with a EUR 1.2 million increase in
equity at Plastic-Design. The new funds will primarily be invested in
opportunities for further growth and in enhancing our expertise in the
attractive market for glazing applications. In addition, Nanogate holds a
call option on the remaining shares.
Nanogate acquired a 35 % equity holding in Plastic-Design, based in Bad
Salzuflen, in early November 2012. The company is one of Europe´s leading
plastics processors and has a proprietary technology portfolio for
optically sophisticated components. It is also considered to be a
trailblazer in the growth market of glazing. Even before the acquisition,
Plastic-Design and Nanogate subsidiary GfO had been working together.
Eurogard, another Nanogate equity holding, is already present in the
glazing market as a specialist in applications based on two-dimensional
source materials. The new centre of excellence in Bad Salzuflen will bring
together all the expertise in materials, high-end plastics processing and
subsequent surface enhancement for use in highly sophisticated glazing
applications. This applies to both transparent as well as coloured glazing
components. Construction of the necessary facilities has already begun.
Nanogate is expecting a noticeable phase of growth as early as the current
financial year as a result of this broadly based, integrated systems
expertise in the growth market for glazing. Among the biggest customers
today are well-known car manufacturers, mostly from the premium segment.
High-end plastics offer greater scope when designing high-quality
components. Weight reductions of up to 50 % are also possible, which lead
to lower fuel consumption, amongst other things. In glazing, Nanogate sees
a relevant market potential in the three-figure million euro range.
With Nanogate boosting its share in the company, equity at Plastic-Design
GmbH is also increasing by EUR 1.2 million. The funds will be used to
Shareholding climbs to 76 % - EUR 1.2 million increase in equity secures
investments - Construction for the new glazing centre of excellence already
begun
Göttelborn, Germany, 9 January 2013. Nanogate AG (ISIN DE000A0JKHC9), the
leading international integrated systems provider for high-performance
surfaces, has increased its equity holding in Plastic-Design GmbH from 35 %
to 76 % due to the attractive prospects in the market and advances in the
field of glazing. This goes hand in hand with a EUR 1.2 million increase in
equity at Plastic-Design. The new funds will primarily be invested in
opportunities for further growth and in enhancing our expertise in the
attractive market for glazing applications. In addition, Nanogate holds a
call option on the remaining shares.
Nanogate acquired a 35 % equity holding in Plastic-Design, based in Bad
Salzuflen, in early November 2012. The company is one of Europe´s leading
plastics processors and has a proprietary technology portfolio for
optically sophisticated components. It is also considered to be a
trailblazer in the growth market of glazing. Even before the acquisition,
Plastic-Design and Nanogate subsidiary GfO had been working together.
Eurogard, another Nanogate equity holding, is already present in the
glazing market as a specialist in applications based on two-dimensional
source materials. The new centre of excellence in Bad Salzuflen will bring
together all the expertise in materials, high-end plastics processing and
subsequent surface enhancement for use in highly sophisticated glazing
applications. This applies to both transparent as well as coloured glazing
components. Construction of the necessary facilities has already begun.
Nanogate is expecting a noticeable phase of growth as early as the current
financial year as a result of this broadly based, integrated systems
expertise in the growth market for glazing. Among the biggest customers
today are well-known car manufacturers, mostly from the premium segment.
High-end plastics offer greater scope when designing high-quality
components. Weight reductions of up to 50 % are also possible, which lead
to lower fuel consumption, amongst other things. In glazing, Nanogate sees
a relevant market potential in the three-figure million euro range.
With Nanogate boosting its share in the company, equity at Plastic-Design
GmbH is also increasing by EUR 1.2 million. The funds will be used to
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