Printer Friendly

US NanoMech unveils Canano takeover.

MANews-(C)2009-2011

US NanoMech, a producer of nanoparticle-based additives, coatings and coating deposition systems, said Wednesday it has taken over sector player Canadian Nano Technologies, or Canano, for an undisclosed sum.

Canano specialises in the provision of custom engineered nanopowders used in sectors such as electronics, agriculture, solar energy and aerospace.

The takeover will add new nanomaterial production expertise to the technology offerings of NanoMech and will also result in crucial synergy effects, the company's CEO Jim Phillips said in a statement. Furthermore, the transaction will speed up NanoMech's expansion into new markets reliant on nano-scale solutions, the manager added.Country: Canada, Sector: Chemicals, ElectronicsTarget: Canadian Nano Technologies LLC (Canano)Buyer: NanoMech IncType: Corporate acquisitionStatus: Closed

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Jan 12, 2011
Words:117
Previous Article:US Verticali, French Inova tie up.
Next Article:Swiss Tamedia plans 100% purchase of Car4you.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters