MOSCOW (MRC) -- Sika,a specialty chemicals company, has agreed to acquire Axson Technologies. The intended transaction was initially announced in January 2015, as per the company's press release.
With annual sales of CHF 75 million and 365 employees, Axson Technologies is a leader in the field of epoxy and polyurethane polymer formulations for design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports & leisure and construction markets. With six production sites in the USA, Mexico, France, Slovakia, China and Japan and a broad distribution network, it successfully produces and markets its innovative products worldwide.
This acquisition, will significantly broaden Sika's product range in the global Tooling and Composites business. The main technologies used are polyurethane and epoxy - also two of Sika's core technologies - which will further complement and advance the future product offerings.
Jan Jenisch, CEO of Sika: "We are delighted to welcome all Axson Technologies employees into the Sika family. The acquisition will make Sika a strong player in the global Tooling and Composites business and will expand and complement our product range for a broad customer base."
As MRC reported earlier, Sika has recently agreed to acquire Construction Technologies Australia Pty Ltd (CTA), one of the leading suppliers of tile adhesives and associated mortar products in Australia. CTA generated sales of CHF 22 million in 2014 and has 51 employees.
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and the motor vehicle industry. Sika has subsidiaries in 90 countries around the world and manufactures in over 160 factories. Its more than 16,000 employees generated annual sales of CHF 5.6 billion in 2014.
MRC