Nanofilm Technologies buys two German firms for $4.3m

The acquisition aims to accelerate its business expansion in Europe.

Nanofilm Technologies had entered into a sale and purchase agreement with Burkhard Scholz, to acquire all shares in EC Europ Coating and MC Europ Coating for $4.3m (€3m).

Nanofilm said the acquisition aims to accelerate its business expansion in Europe by capitalising on the companies’ established presence in Europe and expertise in decorative coatings.

EC Coating and MC Coating, both limited liability companies in Germany, have a share capital of $36,568 (€26,000) and $35,161 (€25,000) respectively, all held by the vendor.

A sum of $3.9m (€2.8m) of the purchase price will be paid to Burkhard Scholz on closing of the proposed acquisition, which will be on or before 15 February 2025.

($1=€0.71)

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