# Sika to acquire Faist ChemTec Group from L-GAM

Sika agreed to acquire Faist ChemTec Group, a manufacturer of acoustic solutions for the automotive industry, from L-GAM. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2017-11-28
- Where: Worms, Germany
- Status: announced
- Products: structure-borne acoustic solutions
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Faist ChemTec Group](https://endata.com/companies/28412.md) (target)
- [L-GAM](https://endata.com/companies/28413.md) (partner)
- [L-GAM Advisers](https://endata.com/companies/28534.md) (investor)

## Sources

- [app.mergerlinks.com](https://app.mergerlinks.com/transactions/2017-11-28-faist-chemtec-group/dealmakers), 2017-11-28: "The management team is very happy with this strategic move for the company and is looking forward to developing the business further to create more customer value with high-performance products."
- [globenewswire.com](https://www.globenewswire.com/en/news-release/2017/11/28/1593171/0/en/SIKA-ACQUIRES-LEADING-AUTOMOTIVE-SUPPLIER-IN-ACOUSTICS.html), 2017-11-28: "The acquisition fits perfectly with our growth strategy and will significantly enhance our product offerings and technology base for acoustic damping solutions in the automotive market."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/SIKA-AG-44231526/news/Sika-AG-completed-the-acquisition-of-FAIST-ChemTec-Holding-GmbH-from-L-GAM-Advisers-LLP-34883348/), 2017-12-03: "Sika AG completed the acquisition of FAIST ChemTec Holding GmbH from L-GAM Advisers LLP on December 4, 2017."

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