DGAP-News: Nanogate SE Increases Shares in Subsidiaries, Drives Forward Future-oriented NXI Program

2019. május 21., kedd, 09:31





DGAP-News: NANOGATE SE / Key word(s): Investment


Nanogate SE Increases Shares in Subsidiaries, Drives Forward Future-oriented NXI Program


21.05.2019 / 09:31



The issuer is solely responsible for the content of this announcement.



Nanogate SE Increases Shares in Subsidiaries, Drives Forward Future-oriented NXI Program



- Nanogate Goletz Systems to be purchased in full



- Nanogate North America share increases to 90 percent



Göttelborn, Germany, May 21, 2019. Nanogate SE, a leading global technology company for design-oriented, multifunctional components and surfaces, is increasing its stake in two subsidiaries.



Nanogate will acquire the remaining shares in Nanogate Goletz Systems GmbH earlier than originally planned. In doing this, the Group wants to speed up implementation of its future-oriented NXI program. The goal is to operate the company and its sister companies Nanogate PD Systems GmbH and Nanogate Vogler Systems GmbH as a compound location at first, and to merge them into one company at a later stage.



Nanogate has also decided to increase its share in Nanogate North America LLC (formerly Nanogate Jay Systems LLC) to 90 percent. At the time the acquisition was announced in December 2016, the company already disclosed that it could acquire the remaining shares based on a graduated model.



The purchase price of the shares to be acquired in the two transactions, which will be completed in the second and third quarters of 2019, consists of a cash and a share component, respectively. As a result, the share capital will increase by around 1.5 percent in total. Both companies have already been fully consolidated. It has been agreed that details will not be disclosed.



Ralf Zastrau, CEO of Nanogate SE: "With a view to the announced acquisition of the ERBIWA Group, we would like to consolidate our existing engineering expertise and continue to focus our sites on component manufacturing and surface enhancement. In order to speed up this transformation process, we have now purchased the remaining shares of Nanogate Goletz Systems a year earlier than planned. Despite the associated short-term burden, the measure will contribute to the more rapid reorganization of Nanogate through the NXI program and will increase efficiency in the medium term."



Contact
Christian Dose

Financial Press and Investors

WMP Finanzkommunikation GmbH

Tel. +49 69 57 70 300 21

nanogate@wmp-ag.de

 
Juliane Wernet

Nanogate SE

Zum Schacht 3

66287 Göttelborn | Germany

Tel. +49 6825 9591 223

juliane.wernet@nanogate.com


www.nanogate.com

twitter.com/nanogate_se



Nanogate SE



Nanogate (ISIN DE000A0JKHC9) is a leading global technology company for design-oriented, multifunctional components and surfaces. The Group employs around 1,700 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive). The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic with its own production facilities.



True to its slogan "A world of new surfaces," Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers" products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group focuses on attractive applications, primarily for the mobility, aviation, home appliances, interior, leisure, and medical sectors - its target industries. As a systems provider, Nanogate broadly covers the value chain: design and engineering, materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets and the development of new applications, particularly for the strategic areas of glass-like (N-Glaze) and metallized surfaces (N-Metals).



Disclaimer



This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate SE (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.
















21.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: NANOGATE SE

Zum Schacht 3

66287 Göttelborn

Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@wmp-ag.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9,
WKN: A0JKHC
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 813817





 
End of News DGAP News Service





813817  21.05.2019 



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