Oxeon AB, a Borås, Sweden-based provider of Spread Tow reinforcements, has received an equity investment from InnKap 4 Partners L.P.
Founded in 2003, Oxeon has established itself as the market leader in Spread Tow reinforcements, which increase the mechanical performance of composite material products and reduces the weight. Oxeon’s TeXtreme® Spread Tow Fabrics and TeXero® Spread Tow Tapes are used by manufacturers of advanced aerospace, automotive, racing, industrial and sports products in applications that have critical material performance requirements.
Commenting on the investment, Staffan Ingeborn of InnovationsKapital said: “Oxeon AB is a very exciting company with a unique product offering and with impressive customer traction.
“The company has a strong management team and we see this as a great opportunity to invest in a company with good growth and profitability”, he added.
FinSMEs
18/10/2010