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Posted: Feb 01, 2012
Nanostart AG Acquires Majority Stake in Holmenkol AG
(Nanowerk News) Nanostart AG has acquired two shares in its portfolio-holding Holmenkol AG from co-shareholder Nanogate. It now holds 50 per cent plus one share, giving it a majority stake in Holmenkol. The transaction was approved at the Annual General Meeting of Holmenkol on December 9, 2011, and has now been carried out.
Marco Beckmann, CEO of Nanostart, commented: "Nanostart has always been convinced of the capabilities of Holmenkol, which is why we acted quickly to exercise our preemption right."
Nanostart AG headquartered in the German financial capital of Frankfurt, is a leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary Nanostart Asia and the venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government.
Holmenkol AG is the oldest maker of ski wax in the world, and since 2002 has specialized exclusively in the development and worldwide marketing of highly innovative and environmentally friendly sports coatings based on state-of-the-art technology. In addition to ski wax, these include 19 patented impregnation products, detergents, coatings and polishes for all types of activities in the sports and outdoors market. Holmenkol pays special attention to performance, environmental compatibility and top product quality. One of Holmenkol's key strategic focal points is the fast-growing outdoor market. Holmenkol's sales network now covers 47 countries. Its product range is represented in all major sports retail organizations at national and international level. A key feature of Holmenkol is the fact that all its sports coatings are made in Germany. In 2004, Holmenkol was included in the top 100 most innovative medium-sized companies in Germany. The NANOWAX product range was chosen as the no. 1 nanotechnology product of the year worldwide for 2003 by the business magazine FORBES. Further information on the company and its products can be found on its website, www.holmenkol.de