Industry News

AkzoNobel to Acquire Stake in Industrial Coatings Startup

Published on 2021-04-08. Author : SpecialChem

TAGS:  Industrial Coatings    

AkzoNobel-investmentQlayers’ technology is opening up new possibilities in the application of industrial coatings, which has prompted AkzoNobel to acquire a stake in this innovative startup.

Fully Automated Coating Solution

Qlayers’ coating technology offers a fully automated solution that is safer, more consistent and faster than the manual coating processes used now in the industry. By eliminating overspray, it’s a sustainable solution that saves costs.

This collaboration with Qlayers is not only a strategic investment for AkzoNobel and our co-investor ECFG, it’s a win-win-win for us all,” says Menno van der Zalm, global director innovation at AkzoNobel.

“It fits our vision to make the paints and coatings value chain more sustainable and efficient with innovative products and solutions for our customers. ECFG is adding another promising enterprise to their portfolio. And Qlayers is now ready to scale up and accelerate their growth. Working together, we’re going to make progress and be successful.

An automated coating solution from Paint the Future startup challenge 2019 winner Qlayers has caught the attention of AkzoNobel and ECFG, and all three parties are now formally investing in a joint collaboration to transform the application of industrial coatings.

Qlayers’ technology has already been used by customers to successfully apply anti-corrosive coating systems on storage tanks, where the benefit of automated application has enhanced worker safety and delivered increased sustainability and process efficiency results. 

I’m pleased that we can invest in Qlayers with AkzoNobel,” says Hans Bloemen, managing director at ECFG. “We’re bundling our strengths to help Qlayers reach the next level in their sales and business development. It’s not only about money, but also about knowledge and experience. This is how we realize added value, together.”

We’re thrilled that AkzoNobel and ECFG have decided to make this investment in our company,” says Josefien Groot, Co-founder and CEO of Qlayers. “Our solution is a unique technology in the market. This investment brings us closer to our dream of a future in which paints and coatings are applied in a more efficient and sustainable way.”

Akzonobel’s investment has been jointly made with ECFG’s Eindhoven Venture Capital Fund II (EVCF II), an investment fund primarily focused on innovative small and medium enterprises (SMEs) with distinctive product/market combinations.

Source: AkzoNobel
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