Details of the acquisition
AxynTec provides thin-film coating solutions to the consumer, industrial and medical industries and supplies coating equipment and systems. The German company uses its patented, innovative thin-film technologies that have obtained ISO Certifications such as DIN ISO 13485 and DIN EN ISO 9001. Led by founders Dr Schey and Dr Hammerl, both will remain as managing directors after the sale and continue to perform their managerial duties. Nanofilm believes that this acquisition provides a great opportunity for the...It was a tough year for Nanofilm Technologies International (SGX: MZH) in 2023.
Shares of the nanotechnology specialist have fallen by nearly a third last year led by lower demand for the group’s products amid a slump in the electronics sector.
Things could be looking up this year, though.
Nanofilm just announced the acquisition of AxynTec for €6.8 million to spearhead its European expansion.
With this acquisition, could the group’s share price see a rebound in 2024?
