US headquartered Techniplas Group successfully completes the acquisition of the core business of the renowned Nanogate group
Integration into international technology group opens up further growth opportunities.
Nashotah, WI – 30 June, 2021 – Techniplas, a leading global provider of highly-engineered plastics systems and components is pleased to announce that it has successfully completed the acquisition of the major parts of the business from the publicly listed Nanogate Group (“Nanogate”).
Headquartered in Germany with locations worldwide, Nanogate is a world-leading technology company which produces design-oriented, multi-functional components and surfaces primarily for the automotive and industrial industries. The company has an extensive technology and intellectual property portfolio that enables it to offer unique finishing solutions such as radar-transparency, translucency, anti-corrosion, scratch-proof, and non-stick / easy-to-clean functional properties.
With the Nanogate acquisition, Techniplas will now have manufacturing operations in Germany, Switzerland, Slovakia, Netherlands, Austria, Spain, USA, Mexico, China, Brazil and South Africa as well as engineering centers in Germany, Switzerland, US, India and China.
Ali El-Haj, CEO of Techniplas, commented, “The acquisition of the core business of Nanogate Group is a highly strategic and transformative transaction for Techniplas. The addition of Nanogate’s unique and proprietary finishing capabilities strategically complements Techniplas core expertise in injection molding to create one of a few companies of scale with a full suite of molding and finishing capabilities. Together, with a consolidated annual turnover in excess of 700 million USD, the combined enterprise will operate 25 high-performance locations and more than 3500 employees worldwide to serve a global blue-chip customer base. Further, the addition of certain electronic, finishing capabilities and know-how as well as the increased international presence of the Techniplas Group will further accelerate Techniplas Group growth opportunities in the automotive, industrial and consumer markets.”
Techniplas is a global provider of highly engineered plastic systems and components, primarily for the automotive sector as well as industrial, consumer, medical, and other markets. The Company’s products align with industry trends, including vehicle light weighting and electrification and an increasing focus on comfort and safety. Techniplas serves global customers and platforms with a focus on technology expertise, design, and engineering collaboration with customers. Techniplas maintains long-term relationships with many of the world’s leading automotive and industrial OEMs.
Claudia Pitschak, Executive Assistant Techniplas
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