# Kordsa unit acquires Advanced Honeycomb Technologies for $3.2 million

Kordsa Inc., a unit of Kordsa Teknik Tekstil, acquired 100% shares of Advanced Honeycomb Technologies Corporation for $3.2 million, expecting to generate about $4 million in annual composite revenue increase in the US.

- Type: Acquisition
- Announced: 2018-10-02
- Where: United States
- Value: $3.20M
- Status: completed
- Products: composite materials
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kordsa](https://endata.com/companies/28625.md) (acquirer)
- [Kordsa Teknik Tekstil](https://endata.com/companies/34352.md) (acquirer)
- [Advanced Honeycomb Technologies Corporation](https://endata.com/companies/34709.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/kordsa-unit-acquires-advanced-honeycomb-technologies-corporation-for-32-millio-idUSL8N1WJ0ZR/), 2018-10-03: "Expects to generate new annual increase of about $4 million in our composite revenues in the US"

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