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Nanogate acquires 100 % stake in subsidiary GfO

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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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