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Nanotech Industrial Solutions (NIS) closes the investment deal with Evonik Industries

Published on 19 January 2017

Evonik Industries (Germany) has invested through its venture capital arm in Nanotech Industrial Solutions, Inc. (NIS) headquartered in Avenel (NJ, USA) and now holds a minority share in the company. The parties have agreed not to disclose the volume of the transaction. NIS plans to use the proceeds for further growth of the company. Evonik received a seat on the Board of Directors of NIS. The company, which was founded in 2012, has commercialized a unique particle technology for the lubricants industry and believes to be an emerging leader in high-performance lubricant additives.

As part of the investment, NIS and the Oil Additives Business Line completed a commercial agreement. “Evonik believes that the investment offers the chance to fulfill even more demanding customer requirements. What’s more, access to the technology of NIS opens up further development opportunities for our current products as well as new products in our existing and also future markets,” emphasized Ralf Düssel, head of the Oil Additives Business Line.

Evonik plans to invest a total of €100 million in promising start-ups with innovative technologies and in leading specialized venture capital funds as part of its venture capital activities. Regional focuses are Europe, the United States and Asia. Currently, Evonik holds stakes in ten start-ups and four funds.

More information can be found here.