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Monday, 4 September 2017

AkzoNobel finalizes acquisition of Disa Technology

AkzoNobel NV    

Published: 10:00 CEST 04-09-2017 /GlobeNewswire /Source: AkzoNobel NV / : AKZA /ISIN: NL0000009132

AkzoNobel finalizes acquisition of Disa Technology

September 4, 2017


AkzoNobel has finalized the acquisition of French manufacturer Disa Technology (Disatech). The acquisition strengthens AkzoNobel's global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings.

 

Headquartered in Limoges, Disatech is the leader in aerospace technical marking systems. The company specializes in the manufacture of self-adhesive vinyl, polyester and polycarbonate films used on aircraft, vehicles, agricultural machinery and other equipment.

 

The acquisition of Disatech will bring new technologies and services that complement AkzoNobel's existing portfolio of coatings and films for the aerospace and transport sectors.

 

Commenting on the final agreement, AkzoNobel COO Paints & Coatings Ruud Joosten said: "With the acquisition now finalized we can further invest in growth and innovation. The technology and knowledge acquired from Disatech strengthens the product and service range we can offer to our customers, bringing them numerous benefits."

 

Financial details were not disclosed.

 

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About AkzoNobel

AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.

AkzoNobel's 2016 revenue totaled €14.2 billion: Specialty Chemicals €4.8 billion; Decorative Paints €3.8 billion; Performance Coatings €5.7 billion.

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Corporate Media Relations

 

T +31 (0)88 - 969 7833

Contact: Joost Ruempol



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Disatech



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: AkzoNobel NV, Postbus 75730, Amsterdam 1070 AS, Nederland
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