Nanogate AG

Techniplas Group, backed by private equity investors, is acquiring major assets of Nanogate SE and its insolvent subsidiaries, saving around 1,600 jobs. The transaction is subject to closing conditions.

Nanogate SE received a multimillion-euro order to supply components for the front design of an electric vehicle for a top German manufacturer. The cumulative sales volume is expected to exceed EUR 100 million, with first high-volume deliveries starting in 2022.

Nanogate announced it will acquire the plastics division of Austrian company HTI High Tech Industries for 275,000 new shares (approx. €13 million). The deal broadens Nanogate's service portfolio, expands its customer base, and extends its international footprint.

Nanogate AG has agreed to acquire an approximately 80% majority stake in Jay Plastics, the plastics division of Jay Industries Inc. in Mansfield, Ohio, for a mid-double-digit million euro purchase price. The transaction is expected to close in early 2017.