SIKA ACQUIRES AXSON TECHNOLOGIES
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Sika AG /
SIKA ACQUIRES AXSON TECHNOLOGIES
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Sika has agreed to acquire Axson Technologies. The intended transaction was
initially announced in January 2015. With annual sales of CHF 75 million and
365 employees, Axson Technologies is a leader in the field of epoxy and
polyurethane polymer formulations for design, prototyping and tooling,
structural adhesives, composite materials and encapsulation products for the
automotive, aeronautical, nautical, renewable energy, sports & leisure and
construction markets. This acquisition, will significantly broaden Sika's
product range in the global Tooling and Composites business.
Axson Technologies is a world leader in high-performance resin formulation in
three main application areas: Tooling & Prototyping, Composites and
Electrical/Electronics. With six production sites in the USA, Mexico, France,
Slovakia, China and Japan and a broad distribution network, it successfully
produces and markets its innovative products worldwide.
By acquiring Axson Technologies, Sika is increasing its product offering and
expertise in the Tooling and Composites business. The main technologies used are
polyurethane and epoxy - also two of Sika's core technologies - which will
further complement and advance the future product offerings.
Jan Jenisch, CEO of Sika: "We are delighted to welcome all Axson Technologies
employees into the Sika family. The acquisition will make Sika a strong player
in the global Tooling and Composites business and will expand and complement our
product range for a broad customer base."
DATE March 17, 2015 CONTACT Dominik Slappnig
Corporate Communications &
SIKA AG Zugerstrasse 50 Investor Relations
6341 Baar, Switzerland TELEPHONE +41 58 436 68 21
www.sika.com E-MAIL slappnig.dominik(at)ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and the motor vehicle
industry. Sika has subsidiaries in 90 countries around the world and
manufactures in over 160 factories. Its approximately 17,000 employees generated
annual sales of CHF 5.6 billion in 2014.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1903912/677197.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1903912]
Unternehmensinformation / Kurzprofil:
Datum: 17.03.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 378901
Anzahl Zeichen: 3402
contact information:
Town:
Baar
Kategorie:
Business News
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