Nanofilm Technologies International commenced its venture into the European market as part of its global expansion plans with the strategic acquisition of AxynTeC Dünnschichttechnik GmbH (AxynTeC).
AxynTeC is a professional thin-film coating solutions provider based in Augsburg, Germany and has a strong track record in Southern Germany, Austria and Switzerland. 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. AxynTeC also has strong expertise in pulsed laser deposition, and provides services such as contract manufacturing, engineering development and supply of coating equipment.
AxynTeC’s proprietary Diamond-Like Carbon (DLC) equipment and DLC advanced materials are complementary to Nanofilm’s Physical Vapour Deposition (PVD) equipment and coating portfolio. AxynTeC has also obtained key ISO certifications, such as ISO 13485 for medical devices (i.e. the certification of its facility to handle medical devices and related services).
“Our strategic investment into Europe brings us one step closer to our vision of becoming a recognised 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.
Gary Ho, Group CEO of Nanofilm added “Europe is an important region for Nanofilm because of its strong technological and industrial leadership. 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.”
This acquisition forms a good nexus for Nanofilm to launch its new base of operations in Europe. It also provides Nanofilm with ready access to AxynTeC’s existing European customers, particularly in key applications utilised for medtech and non-consumer electronics coating. AxynTeC’s modern operations footprint in Germany and available factory space also gives Nanofilm a great platform to launch its proprietary coating technology, Filtered Cathodic Vacuum Arc, and PVD decorative coatings for the European market. Other synergies are expected as part of Nanofilm’s post-acquisition integration plans.
“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. Together with Nanofilm, we can strongly promote surface coating as a key technology and offer customers comprehensive solutions for growing challenges!” said Dr Claus Hammerl and Dr Bernd Schey, AxynTeC’s Managing Directors.
“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 Mr Ian Howe, Nanofilm’s Group Chief Commercial Officer.
Nanofilm has established a strong foothold in Asia and has earmarked Europe as its next region for growth and expansion. To cater to increasing demands for its solutions, Nanofilm has set up its European entity, Nanofilm Technologies Europe BV, in the Netherlands to accelerate growth and to better serve its customers in Europe, while remaining on the lookout for new opportunities in the region.
Nanofilm’s share price as of 21 December 2023 after market close was S$0.85.
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About Nanofilm Technologies International Limited (MZH / NANO.SI)
Listed on the Mainboard of Singapore Exchange Securities Trading Limited (“SGX-ST”) on 30 October 2020, Nanofilm Technologies International Limited (“Nanofilm”) is a leading provider of nanotechnology solutions in Asia, leveraging its proprietary technologies, core competencies in R&D, engineering and production, to provide technology-based solutions across a wide range of industries. Nanofilm’s solutions serve as key catalysts in enabling its customers to achieve high value-add advancements in their end-products in an environmentally sustainable manner. Nanofilm is a constituent of the FTSE ST All-Share Index, FTSE ST China Index, FTSE ST Large & Mid Cap Index, FTSE ST Mid Cap Index, MSCI ACWI Small Cap Index, MSCI Singapore Small Cap Index, and the MSCI World Small Cap Index.