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Nanostart invests in HOLMENKOL
21
Dec '07
Nanostart AG has taken a 50-percent stake in HOLMENKOL, a supplier of nanotechnology-based sports products.

The renowned German company, with worldwide headquarters in Heimerdingen near Stuttgart, has managed to build on its rich tradition as the oldest brand of ski wax to become a driver of nanotechnological innovation in the sporting goods industry.

HOLMENKOL is successfully pursuing an aggressive growth strategy, particularly through the production of sophisticated nanotech-based coatings which intelligently organize themselves into very thin films which function in entirely new ways.

For the Frankfurt-based nanotechnology investment company Nanostart AG, the investment in HOLMENKOL marks the addition to its existing portfolio of a technologically leading company with an extremely promising business outlook.

Its patented nanotechnologies enable HOLMENKOL to market highly innovative product applications for a wide range of sports, such as winter sports, aquatic sports, cycling and outdoor activities.

In addition to nanotechnologically optimized ski wax, these include glide sealants, waterproofing products, specialized detergents, polishes and other sports coatings.

Among the customers of HOLMENKOL are numerous world champions and Olympic medalists, national teams across all types of sports, and other ambitious athletes.

The arrangement with Saarbrücken-based nanotechnology company Nanogate AG, which will hold the other 50 percent of HOLMENKOL as its industrial technology partner, should drive the continued growth of the innovative sports supplier. The transaction is subject to approval by a government-supported capital provider.

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Courtesy: conservativehome.com

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