Compositence GmbH, a Leonberg, Germany-based specialist in innovative Preforming Technologies for Carbon, Glass and other fibre types and supplier of tailored preforms, received a majority investment from Chinese advanced material manufacturer GON Holding.
The amount of the deal was not disclosed.
High-Tech Gründerfonds and MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg, which have been supporting Compositence growth by initial funding in 2009, as well as zfhn Zukunftsfonds Heilbronn, which joined as the major investor by the beginning of 2013, exited the company in conjunction with the investment by GON.
Led by Gregor Weber, CEO, Compositence offers fibre placement plants fully automated producing components made of carbon, glas and natural fibres. The technology is based on proprietary know-how, minimizing waste-rates during the production. Compositence offers plants, components (e.g. preforms, blanks) and accompanying services.