Nanogate AG (Göttelborn, Germany) (ISIN DE000A0JKHC9), a leading international nanotechnology enabler, is strengthening its sales potential through its equity holding in sarastro GmbH and is expanding its technical expertise to include bio-compatible solutions.
The nanotechnology company sarastro specialises in manufacturing antimicrobial and medically compatible surfaces. Nanogate and sarastro plan to enhance materials, surfaces and products for various applications with new biological properties and in doing so offer powerful solutions for a dynamically growing market. For 2009 sarastro anticipates sales in the high six-figure euros and was able to reach a sustainable level of profitability in the current financial year.
Through the transaction Nanogate is initially acquiring 25.1 % of the shares from the founders of sarastro GmbH. The purchase price is a low six-figure euro amount and is made up of cash and shares. In addition, Nanogate will soon implement a small capital increase from authorized capital. In a notarized contract, Nanogate AG has already secured the increase of its stake in the company to 51%. The option can be exercised in the coming years.
sarastro technology is already used in hearing instruments from Siemens and from a well-known Swiss manufacturer, in filtration plants for drinking water purification, and in PVC air and water hoses. Furthermore, the company produces disinfectants and other liquids using patented technology to create a particularly long-lasting disinfecting and antimicrobial effect. These are used by Wincor-Nixdorf, for example, in the maintenance of ATMs. Demand for these products is currently experiencing lively growth.
Through the transaction Nanogate is initially acquiring 25.1 % of the shares from the founders of sarastro GmbH. The purchase price is a low six-figure euro amount and is made up of cash and shares. In addition, Nanogate will soon implement a small capital increase from authorized capital. In a notarized contract, Nanogate AG has already secured the increase of its stake in the company to 51%. The option can be exercised in the coming years.
sarastro technology is already used in hearing instruments from Siemens and from a well-known Swiss manufacturer, in filtration plants for drinking water purification, and in PVC air and water hoses. Furthermore, the company produces disinfectants and other liquids using patented technology to create a particularly long-lasting disinfecting and antimicrobial effect. These are used by Wincor-Nixdorf, for example, in the maintenance of ATMs. Demand for these products is currently experiencing lively growth.
sarastro’s applications are based on the same chemical nanotechnology that Nanogate uses. The company is certified in accordance with the German Medical Devices Act. The first joint products in the Buildings/Interiors, Sport/Leisure and Automotive/Mechanical Engineering divisions are already at an advanced development stage and should come on the market next year.
According to Ralf Zastrau, CEO of Nanogate AG, “sarastro is an ideal partner for Nanogate in terms of strategy, technology and products. The demand for antimicrobially enhanced or bio-compatible surfaces and materials is growing rapidly. Consumers and industry increasingly require powerful solutions that protect against bacteria and germs. Nanogate will benefit significantly from the new equity holding. We expect it to make a positive contribution to earnings as early as 2010.”
Rainer Hanselmann, Managing Director of sarastro GmbH comments: “This partnership will enable Nanogate to increase its level of expertise and will also accelerate product development and market introduction processes at sarastro. Our skill in biological-medical applications with many well-known partners combined with Nanogate’s considerable industry expertise and broad customer base create an excellent foundation for numerous new applications and product solutions. sarastro and Nanogate will profit equally from this close collaboration.”
According to Ralf Zastrau, CEO of Nanogate AG, “sarastro is an ideal partner for Nanogate in terms of strategy, technology and products. The demand for antimicrobially enhanced or bio-compatible surfaces and materials is growing rapidly. Consumers and industry increasingly require powerful solutions that protect against bacteria and germs. Nanogate will benefit significantly from the new equity holding. We expect it to make a positive contribution to earnings as early as 2010.”
Rainer Hanselmann, Managing Director of sarastro GmbH comments: “This partnership will enable Nanogate to increase its level of expertise and will also accelerate product development and market introduction processes at sarastro. Our skill in biological-medical applications with many well-known partners combined with Nanogate’s considerable industry expertise and broad customer base create an excellent foundation for numerous new applications and product solutions. sarastro and Nanogate will profit equally from this close collaboration.”
