Nanoledge, a Telesystem portfolio company, has sold its high performance resin business to Telesystem's Nanoledge sells its high performance resin business to Axson, a formulator of high performance polymers.
Nanoledge is a startup focused on the high performance epoxy market and has improved composite material performance through its proprietary nanoblending technologies. Nanoblending combines base resins with a variety of nanoparticles (e.g. carbon nanotubes) and selected chemical additives in order to target specific mechanical, electrical or thermal performance improvements while maintaining compatibility with the end clients' manufacturing processes.
"Nanoledge developed a technological platform that allowed it to demonstrate composite material performances that many in the industry simply did not believe possible, all at only marginally higher costs," said David Bernardi, CTO of Telesystem and member of the board of Nanoledge. "In the hands of Axson, this technology platform will now be made to benefit more clients in more fields of use."
"Nanoledge's nanoblending technology is an innovation enabler," said Charles Churet, chairman and CEO of Axson. "Beyond improving Axson product performance in existing markets, this technology will also be a key element to Axson's further development in new expanding markets."
Axson has approximately 950 employees generating revenues of around €250M and was created in 2011 by bringing together BS Coatings, Revocoat and Axson Technologies. BS Coatings specializes in the formulation of special industrial coatings for the hydrocarbon, water, industry and construction markets. Revocoat specializes in the formulation of coatings for waterproofing, soundproofing, corrosion protection and adhesives for the automotive market. Axson Technologies specializes in the formulation of polymers for design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports and leisure, and construction markets.