# Schwenk Zement acquires full ownership of Celitement GmbH

Schwenk Zement KG acquired 100% of shares in Celitement GmbH, backdated to January 1, 2020, making it a full subsidiary, and will invest in expanding the existing pilot plant at the KIT site in Eggenstein-Leopoldshafen, Germany.

- Type: Acquisition
- Announced: 2020-04-14
- Where: Eggenstein-Leopoldshafen, Germany
- Status: completed
- Products: hydraulic calcium hydrosilicate (hCHS) binding agent
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Schwenk Zement](https://endata.com/companies/22655.md) (acquirer)
- [Celitement GmbH](https://endata.com/companies/46531.md) (target)
- [Karlsruhe Institute of Technology](https://endata.com/companies/46532.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/168679/schwenk-zement-acquires-100-shares-of-celitement-gmbh.html), 2020-04-14: "Schwenk Zement KG will initially invest in expanding the existing pilot plant and will significantly increase the actual production output."

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