# GON Holding takes majority stake in Compositence GmbH

Chinese advanced material manufacturer GON Holding acquired a majority stake in Compositence GmbH, a specialist in preforming technologies for carbon and glass fibers. The deal aims to combine GON's material background with Compositence's know-how to serve global industry customers.

- Type: Acquisition
- Announced: 2017-08-22
- Status: announced
- Products: preforming technologies for carbon and glass fibers, automated fibre placement technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [GON Holding](https://endata.com/companies/26446.md) (acquirer)
- [Compositence GmbH](https://endata.com/companies/26447.md) (target)

## Sources

- [htgf.de](https://www.htgf.de/en/compositence-gmbh-gains-gon-holding-as-strategic-partner/), 2017-08-22: "With GON, we gained a top-class partner having an advanced material background and market access as well as the right mind-set to provide Compositence unique know-how with a long termed perspective."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.