NANOGATE SE
Nanogate SE: Divestment of Nanogate Kierspe GmbH
DGAP-News: NANOGATE SE
/ Key word(s): Insolvency/Disposal
Nanogate SE: Divestment of Nanogate Kierspe GmbH Göttelborn, Germany, February 26, 2021. The self-administration of the insolvent Nanogate Kierspe GmbH has agreed today, with the consent of the company’s creditors’ committee, the sale of the company to the management of the subsidiary by way of an asset deal The company is a subsidiary of Nanogate SE and is not part of the core business of the Group’s restructuring strategy. The sale is structured as an asset deal, in which essential assets are transferred to the Goletz GmbH, which will continue the business. The transaction is planned to be completed by the beginning of March 2021. The purchase price serves to satisfy the creditors of Nanogate Kierspe GmbH in the context of the ongoing insolvency proceedings under self-administration. With regard to the sale of its core business and other subsidiaries, Nanogate is in negotiations with various investors. For information on the possible effects of such transactions on the shareholders of Nanogate SE, please refer to the ad hoc announcement of October 23, 2020. Contact Christian Dose/Susanne Horstmann | WMP EuroCom AG Nanogate SE | Zum Schacht 3 | 66287 Quierschied-Göttelborn Nanogate SE Nanogate (ISIN DE000A0JKHC9) is a leading global technology company for design-oriented, multifunctional components and surfaces. The Group employs around 1,800 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 and in India. True to its slogan “Reinventing the Possible”, 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 three strategic areas Intelligent Surfaces, New Mobility and Artificial 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.
26.02.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | ir@nanogate.com |
Internet: | www.nanogate.de |
ISIN: | DE000A0JKHC9, |
WKN: | A0JKHC |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1171643 |
End of News | DGAP News Service |