14.04.2016 10:42:32
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DGAP-News: Nanogate AG
DGAP-News: Nanogate acquires 75 % of shares in plastics specialist Goletz and achieves more growth
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 Goletz in order to generate synergies at Group level. The purchase price includes a performance-linked pricing structure and will be paid out in several tranches over the coming years. Nanogate can also acquire the outstanding shares as part of this graduated pricing model. Some of the purchase price will be paid in shares (from a capital increase by contribution in kind). Nanogate is reviewing several options for the medium-term refinancing of the cash component. Confidentiality has been agreed upon concerning the amount of the purchase price. Nanogate expects the transaction to conclude by this summer and for the company to be completely consolidated at this point.
Nanogate AG's CEO, Ralf Zastrau, commented: "Nanogate is set for further growth and for another record year. The acquisition of plastics specialist Goletz is yet another important milestone. The Group is expanding its expertise in the development, production and enhancement of high-quality plastic components. Our know-how in design and engineering, as well as project management, is also being significantly strengthened. As a one-stop shop for multifunctional, design-oriented plastic components we are able to provide our customers more than ever before with all-round support along the entire value chain. Together with our equity holdings Plastic-Design and Vogler, which are located near to each other, Nanogate is creating a regional network in the plastics industry. Our internationally active customers are increasingly demanding the supply of complete systems developed totally by us. We anticipate implementing initial joint projects soon. The Group is therefore likely to already achieve its medium-term sales target of EUR 100 million by this year, which means that this target, first announced in 2014, will be met earlier than expected. Nanogate will continue its Phase5 growth programme and further expand its technology and applications portfolio. This includes primarily the expansion of the new technology platform for the multifunctional metallisation, sold under the N-Metals Chrome brand."
Martin Werner, managing director of Walter Goletz GmbH: "Nanogate is the ideal partner for the next phase of development at our company. The Group has strong sales and a broad technology portfolio that complements our solutions well. Together we have a great deal of resources for the development, production and enhancement of components, both large and small. Nanogate's planned multifunctional metallisation is another good starting point. We see good prospects for our company and our employees, as company culture and technology complement each other extremely well."
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.
14.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
NANOGATE AG / Key word(s): Investment
14.04.2016 10:42
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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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 Goletz in order to generate synergies at Group level. The purchase price includes a performance-linked pricing structure and will be paid out in several tranches over the coming years. Nanogate can also acquire the outstanding shares as part of this graduated pricing model. Some of the purchase price will be paid in shares (from a capital increase by contribution in kind). Nanogate is reviewing several options for the medium-term refinancing of the cash component. Confidentiality has been agreed upon concerning the amount of the purchase price. Nanogate expects the transaction to conclude by this summer and for the company to be completely consolidated at this point.
Nanogate AG's CEO, Ralf Zastrau, commented: "Nanogate is set for further growth and for another record year. The acquisition of plastics specialist Goletz is yet another important milestone. The Group is expanding its expertise in the development, production and enhancement of high-quality plastic components. Our know-how in design and engineering, as well as project management, is also being significantly strengthened. As a one-stop shop for multifunctional, design-oriented plastic components we are able to provide our customers more than ever before with all-round support along the entire value chain. Together with our equity holdings Plastic-Design and Vogler, which are located near to each other, Nanogate is creating a regional network in the plastics industry. Our internationally active customers are increasingly demanding the supply of complete systems developed totally by us. We anticipate implementing initial joint projects soon. The Group is therefore likely to already achieve its medium-term sales target of EUR 100 million by this year, which means that this target, first announced in 2014, will be met earlier than expected. Nanogate will continue its Phase5 growth programme and further expand its technology and applications portfolio. This includes primarily the expansion of the new technology platform for the multifunctional metallisation, sold under the N-Metals Chrome brand."
Martin Werner, managing director of Walter Goletz GmbH: "Nanogate is the ideal partner for the next phase of development at our company. The Group has strong sales and a broad technology portfolio that complements our solutions well. Together we have a great deal of resources for the development, production and enhancement of components, both large and small. Nanogate's planned multifunctional metallisation is another good starting point. We see good prospects for our company and our employees, as company culture and technology complement each other extremely well."
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.
14.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
--------------------------------------------------------------------------- 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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