Nanogate SE: Sale of the core business (transferring restructuring) to Techniplas Group
NANOGATE SE / Key word(s): Insolvency/Disposal
Nanogate SE: Sale of the core business (transferring restructuring) to Techniplas Group
08-May-2021 / 01:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Nanogate SE: Sale of the core business (transferring restructuring) to Techniplas Group
Göttelborn, May 8, 2021. Nanogate SE, a leading global technology company for design-oriented, multifunctional components and surfaces, which is in insolvency proceedings with self-administration, today agreed ("signing") to sell its core business to the US based Techniplas Group. Techniplas takes over the essential assets of Nanogate SE and the insolvent subsidiaries Nanogate Management Services GmbH, Nanogate NRW GmbH, Nanogate PD Systems GmbH and Nanogate Neunkirchen GmbH by way of asset deals as well as the shareholdings in the non-insolvent core business subsidiaries (including Nanogate North America LLC, Nanogate heT Engineering GmbH, Nanogate Netherlands BV, Nanogate Schwäbisch Gmünd GmbH, Nanogate Slovakia s.r.o.) by way of share deals. The purchase price (in Euro) is in the mid double-digit million range and is used entirely to service claims of creditors of Nanogate SE and the other insolvent group companies in the context of the ongoing insolvency proceedings in self-administration. The implementation of the transaction is still subject to the occurrence of various conditions.