TAGS: Architectural Coatings Industrial Coatings
Nanofilm Technologies International (Nanofilm), a provider of nanotechnology solutions, announces that it has commenced its venture into the European market as part of its global expansion plans. Nanofilm’s core business is in providing coating services, thin-film coating equipment solutions, nanofabrication solutions and fuel cell solutions.
The first step in expansion is the signing of a strategic acquisition of AxynTeC Dünnschichttechnik (AxynTeC), a service provider in the surface and thin film technology that offers development, coating services & systems, incorporated in Germany.
Strategic Expansion in European Market
Through this acquisition, it forms a good nexus for Nanofilm to launch its new base of operations in Europe. It also provides ready access to AxynTeC’s existing European customers, particularly in key applications utilized for medtech and non-consumer electronics coating customers.
AxynTeC’s proprietary Diamond-Like Carbon (DLC) equipment and DLC advanced materials are complementary to Nanofilm’s Physical Vapor Deposition (PVD) equipment and coating portfolio. AxynTeC has also obtained key ISO certifications, such as ISO 13485 for medical devices (i.e., certification of its facility to handle medical devices and related services).
Coupled with available factory space for Nanofilm to deploy additional equipment, this allows for an accelerated penetration into the European market. Other synergies are expected to be derived as part of the Group’s post-acquisition integration plans.
By integrating AxynTeC into the Nanofilm family, AxynTeC’s modern operations footprint in Germany gives Nanofilm a great platform to launch its proprietary coating technology, Filtered Cathodic Vacuum Arc and PVD decorative coatings, for the European market. Nanofilm with its strong financial strength, large workforce and production footprint in Asia, will bring this acquisition to greater heights.
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Our strategic investment into Europe brings us one step closer to our vision of becoming a recognized global leader in nanotechnology. Through synergistic acquisitions like the one today with AxynTeC, we can further our goal of developing market-disrupting, cutting-edge nanotechnology solutions for a more sustainable world,” said Dr. Shi Xu, founder and executive chairman of Nanofilm.
Broadening Customer Base for Unique Nanotech Solutions
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Our acquisition of AxynTeC allows us to quickly gain market access for our different business units to progressively broaden their customer base by leveraging our deep-tech platform to develop unique nanotechnology solutions that are tailored to the needs of our European customers,” said Gary Ho, group chief executive officer of Nanofilm.
With its innovative process technology plasmaIMPAX, AxynTeC has successfully mastered the art of DLC coatings, providing solutions for customers in the industrial, decorative and medical industries. On top of coating services, AxynTeC also has strong expertise in pulsed laser deposition, and provides services such as contract manufacturing, engineering development and supply of coating equipment.
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We are overjoyed to have found a very strong partner in Nanofilm, which serves large market segments with its innovative and industrially scaled technologies, to help us to significantly expand our product portfolio,” said Dr. Claus Hammerl and Dr. Bernd Schey, managing directors, AxynTeC.
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Together with Nanofilm, we can strongly promote surface coating as a key technology and offer customers comprehensive solutions for growing challenges,” added Dr. Hammerl and Dr. Schey.
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We are delighted to enter the strategic acquisition with a great partner such as AxynTeC. This acquisition offers an accelerated entrance into the European market, providing a platform to drive sales revenue of both companies. Additionally, combining the product portfolios of AxynTeC and Nanofilm, we can provide European customers a broader product and service offering,” said Ian Howe, chief commercial officer, Nanofilm.
Source: Nanofilm