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Nanogate acquires 75 % of shares in plastics specialist Goletz and achieves more growth

NANOGATE AG / Key word(s): Investment

14.04.2016 10:42

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Nanogate acquires 75 % of shares in plastics specialist Goletz and achieves
more growth

Group sales on course to exceed the 100-million mark in 2016 - Acquisition
expands system expertise at Nanogate

Göttelborn, Germany, 14 April 2016. Nanogate AG, a leading international
integrated systems provider for high-performance surfaces, is continuing
its dynamic growth course. The Group has acquired 75 % of shares in
plastics specialist Walter Goletz GmbH and is therefore likely to exceed
its medium-term sales target of EUR 100 million in 2016. The acquisition
means Nanogate is expanding its system expertise in the development and
production of plastic components.

The majority acquisition of plastics specialist Walter Goletz GmbH expands
system expertise at Nanogate in the area of high-demand plastic components.
Nanogate will in future be covering all competencies regarding development
and production, as well as the multifunctional enhancement, of components.
This means the Group is also significantly expanding its range of services.
The new equity holding has a strong market position especially in smaller
and midsize, design-oriented plastic components, while Nanogate has until
now been specialised in larger components, for example, for the automotive
industry, with its existing subsidiary Plastic-Design. Goletz also has
expertise in metallisation and surface enhancement and works, among other
things, in construction with technologically leading CAD standards. Goletz
supplies customers in the automotive, electronics and domestic appliances
industries. In parallel, Goletz is represented in medical technology
applications via a subsidiary and has relevant certifications and
manufacturing systems, for example, in clean room. The company, based in
Kierspe, Germany, which is located close to the Nanogate subsidiary Vogler
(Lüdenscheid, North Rhine-Westphalia), was founded in 1969 and currently
has around 130 employees. Both existing managing directors at Goletz will
continue to manage the company going forward. As with its other equity
holdings, Nanogate will install an advisory board.

The company is striving to achieve sales above EUR 15 million and turn a
profit in the 2016 financial year. As with previous acquisitions, Nanogate
will be further developing its new equity holding as part of the
integration, gradually optimising the existing order and product mix at