Home / Knowledge / News / Textiles / BASF to increase stake in hte Aktiengesellschaft
BASF to increase stake in hte Aktiengesellschaft
03
Apr '08
BASF SE and hte have reached an agreement for BASF to increase its stake in Heidelberg-based hte Aktiengesellschaft from 12.7 percent to 75 percent plus one share. The vendors and BASF have agreed not to disclose financial details of the transaction, which is still subject to merger control clearing.

The high throughput experimentation company, hte, is a leading provider of technology and services for enhancing research and development productivity, in particular in the areas of catalysis, material science and formulations. BASF has held a stake in the company since 2003 through its subsidiary BASF Venture Capital. After the transaction, hte's operations will be unchanged and hte will continue to serve its international client base.

“BASF will benefit especially from hte's experience as a global leader in the application of high throughput methods to heterogeneous catalyst R&D,” said Professor Dr. Rainer Diercks, President, Chemicals Research & Engineering at BASF. “As a result, we will be able to develop catalysts for a variety of applications faster and more efficiently.”

“The extension of BASF's commitment to hte is a clear endorsement of our company's technology and expertise offering and will afford hte long-term stability and a solid basis for future planning and investing in new technology development,” said Dr. Dirk Demuth, CEO of hte. “Since hte will continue to operate as an independent provider of technology and R&D services, all of our clients will benefit from this transaction,” added Dr. Wolfram Stichert, CFO of hte.


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search