# Otto family acquires Sympatex Technologies

Members of the family that owns the Otto Group acquired all shares of Sympatex Technologies, a developer of functional materials, following a financial reorganization.

- Type: Acquisition
- Announced: 2018-01-27
- Where: Germany
- Status: completed
- Products: functional materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Otto Group](https://endata.com/companies/29652.md) (acquirer)
- [Sympatex Technologies](https://endata.com/companies/29653.md) (target)

## Sources

- [sgieurope.com](https://www.sgieurope.com/the-otto-family-takes-over-sympatex/61891.article), 2018-01-27: "Members of the family that own the big German Otto Group have acquired all the shares of Sympatex Technologies, following a financial reorganization of this well-known developer of functional materials."

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